Welcome to Isramart Energy division
What is a "Renewable Energy Credit?
One
Renewable Energy Credit or "REC" represents one megawatt hour (MWh)
of renewable energy that is physically metered and verified from the
generator, or the renewable energy project.
"REC's" are generated when a Renewable Energy project is certified and begins producing renewable energy. Renewable energy projects create green power which helps reduce Co2 emissions. The green-power (electricity) is sold into the local electric grid where the renewable energy project is located. The REC's are sold separately as a commodity into the marketplace.
"In a REC deal, the power from the new renewable energy facility is not physically delivered to the customer, but the environmental benefits created by the facility are attributed to that customer, directly offsetting the environmental impact of the customer's conventional energy use." --
Renewable Energy Credit Account (REC account) - An account maintained by the renewable energy credits trading program administrator for the purpose of tracking the production, sale, transfer, purchase, and retirement of RECs by a program participant.
Renewable Energy Credit - The process of awarding, trading, tracking, and submitting RECs as a means of meeting the renewable energy requirements.
The trading of RECS is growing in scale and complexity. Isramart is an active player in this dynamic market. In collaboration with the different producers in Europe we are developing and commercializing sophisticated sustainable energy solutions.
RECS international
The market for green certificates is growing rapidly.
The number of issued certificates grows at 30 to 50% a year. Half of
this volume is delivered to end-consumers.
The certificates are mostly Guarantees of Origin.
To facilitate this market, RECS International developed standard
contracts.
The contract has been developed by the RECS International Users
Group, but RECS International is not liable for the use of the
contract.
There are two type(s) of contracts. One for a single delivery, i.e.
for cases where the RECS certificates or Guarantees of Origin are
delivered in one batch. And on for a situation where the delivery
takes place in several batches.
