REC Registration for Renewable Generation (LGCs & I-RECs)
Registering renewable generation and its certificates requires accurate asset details, production data and registry records. Northmore Gordon supports generator registration, certificate creation, sale and retirement with an audit trail.
Our Experience
Additional revenue providing cheaper electricity
Environmental Claims & Support Renewables
Gain access to green markets & hedging
A Renewable Energy Certificate (REC) is proof that 1MWh of electricity was generated by a renewable energy generator. Unbundled (or Decoupled or) from the electricity, RECs (LGCs, I-RECs) are registered and traded separately on international markets to corporations with renewable energy targets or compliance requirements.
Eligible renewable electrical energy generators include:
- Wind, Solar, Hydro, and Geothermal
- Biomass, and Biogas assets
RECs are sold or spot or forward OTC global markets
- LGCs are trading between AUD $ 35 - $ 80 (USD $25 - $50)
- I-RECs and vary from USD $2 - $50 by region.
RECs can be surrendered (aka retired or redeemed) to meet renewable commitments including)
- RE100 (Renewable Energy 100% initiative)
- Science Based Targets Initiative (SBTi)
- Australian GreenPower (decoupled Greenpower LGCs)
- Australian Climate Active Carbon Neutral program
- Voluntary & Compliance renewable energy targets
REC Registration, trading and retirement requires accreditations, registry accounts, and trading networks.
How can we help?
It can be quite challenging to gather the right data, register your generation asset, and negotiate with the regulatory/registry on any additional requirements. Setting up registry accounts and meeting compliance requirements is a complex and time-consuming process with many steps. NG takes care of this process and handles quarterly REC creation. The services we perform are:
- Registering your renewable energy assetPower Station registration In Australian with the Clean Energy Regulation (for LGCs)Device registration through-out Asia with the Evident Registry (I-RECs)
- Quarterly data validation, creation of RECs with the regulator
- Managing the compliance process with the regulator
- Fulfilling annual reporting requirements to the regulator.
- Power Station registration In Australian with the Clean Energy Regulation (for LGCs)
- Device registration through-out Asia with the Evident Registry (I-RECs)
- Guidance on REC pricing and strategies for forward market hedging or options
- Offering REC price scenario modelling to support investment decisions
- Facilitating long term off take agreements for RECs (including forward hedging & options)
- Providing advice on the forward energy market and assisting with forward positions
- Managing aggregation and trading of registered RECs
- Maximising the value of RECs by aligning attributes with buyers preferences (such as vintage, technology, commissioning data, region, and reporting requirements)
- Ensuring quarterly payments are made directly to your account
Northmore Gordon provides full transparency of the RECs or Offsets retired on the beneficiaries behalf. NG will provide:
- A signed statement of retirement
- An extract from the registry showing quantity, vintage, project, technology
- For those registries that allow a public URL can be provided from the registry showing the retirement and the beneficiaries details.
NG can provide advice on correct reporting of RECs against RE100, SBTi, GHG Protocol, NGERs and voluntary surrender. Including meeting Market-based and Location-based reporting requirements.