What Else to Know About Green Energy Certificates?
Green Energy Certificates (RECs) have drastically increased the volume of renewable energy in Australia; however, RECs are a part of a volatile electricity market; therefore, the government is responsible to provide stable policies and targets to give the market confidence that renewable energy remains valuable. Green Energy Certificates (RECs) are tradable, non-tangible energy commodities. They represent proof that 1 megawatt-hour (MWh) of electricity was produced from an eligible renewable energy resource (renewable electricity) and then entered into a shared system of power lines that transport energy. RECs provide organizations and individuals with proof that they have bought clean energy. KEY TAKEAWAYS Renewable Energy Certificates (RECs) offer proof to the owner of an energy market instrument. This owns one MWh of renewable energy; they account for the amount of renewable energy flowing through the power grid. RECs can even be sold for profit to those wanting to offs...