What is a REC?
REC (pronounced "reck") stands for Renewable Energy Certificate. RECs provide a powerful financial incentive to businesses and individuals to produce more renewable energy in our country. A certificate is created when one megawatt-hour of electricity has been generated from a renewable source. The generator of that MWh actually produces two assets: the electricity that is sold and delivered to the grid and the REC. Suppliers like Viridian purchase RECs to meet mandatory and voluntary renewable electricity requirements. The revenue a renewable generator receives from REC sales provides financial support to the facility and ultimately drives renewable energy development.Once a REC is sold, it is assigned an individual serial number and should be retired, never used again to fulfill green electricity purchasing commitments.
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