Renewable Energy Certificates, or RECs, have been around for decades. In recent years, however, these markets have continued to grow in terms of tradable REC contracts, as well as participants interested in buying and selling them. With more than 31 states, plus the District of Columbia now with an established renewable energy portfolio, or clean energy standard, the market continues to evolve and grow. And with more companies opting to use renewable power for their operations, REC markets are often an essential market to tap into. Dan Scarbrough, President and COO of IncubEx, talks about:
- What is a REC and how are they created
- How RECs are traded on futures exchanges
- What a voluntary REC is and why it is transformational
- The potential for RECs, IRECs and Guarantees of Origin globally