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A REC represents proof that one megawatt-hour (MWh) of electricity was generated from a renewable energy source and was fed into the grid.
One REC represents one megawatt-hour (MWh) of electricity generated from renewable sources.
RECs are bought to support renewable energy, meet regulatory requirements, or claim renewable energy use. They are sold by renewable energy producers to generate additional revenue.
Scope 2 emissions are indirect emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company. Scope 3 emissions are all other indirect emissions that occur in a company’s value chain, including upstream and downstream activities.
RECs certify renewable energy generation and its environmental benefits, while carbon offsets or credits represent the reduction of greenhouse gas emissions elsewhere.
Voluntary markets allow organizations to purchase RECs to meet self-imposed sustainability goals. Compliance markets are driven by government regulations requiring certain entities to obtain RECs.
Yes, you can use the electricity generated, but if you sell the REC, you no longer claim the environmental benefits associated with that renewable energy.
RECs are tracked and verified through registries that ensure each REC is uniquely serialized, properly recorded, and retired when used.
Bundled RECs are sold together with the actual electricity, while unbundled RECs are sold separately from the electricity they represent.