Abstract: . . .  energy sources • New renewable power plants commissioned after September 1, 1999 and all renewable plants less than 2 MW capacity, regardless of date of installation • Power production from solar, wind, geothermal, hydro, wave, tidal, biomass, biomass-based waste products, and landfill gas are eligible • Purchases of renewable energy from plants larger than 2 MW and built before September 1999 may count towards a supplier’s REC obligation, but are not tradeable • Power must be located within or delivered to the Texas grid • Renewable energy sources that offset (but do not produce) electricity (e.g., solar hot water, geothermal heat pumps), and customer sited-projects (e.g., solar) are also eligible Tracking and accounting method • Tradable renewable energy certificates with yearly compliance period • 3 month grace period after compliance period allowed for fulfillment Certificates • Issued on production, unit 1 MWh, 2 years of banking allowed after year of issuance, borrowing of up to 5% of the obligation in first 2 compliance periods allowed, development of web-based certificates tracking system* Regulatory bodies • Texas Public Utilities Commission establishes RPS rules and enforces compliance; ERCOT Independent System Operator serves as REC trading administrator Enforcement penalties • The lesser of 5(US) cents or 200% of mean REC trade value in compliance period for each missing KWh * Some countries, notably Denmark, have considered establishing a price floor for RECs. No . . .
. . .  sources • New renewable power plants commissioned after September 1, 1999 and all renewable plants less than 2 MW capacity, regardless of date of installation • Power production from solar, wind, geothermal, hydro, wave, tidal, biomass, biomass-based waste products, and landfill gas are eligible • Purchases of renewable energy from plants larger than 2 MW and built before September 1999 may count towards a supplier’s REC obligation, but are not tradeable • Power must be located within or delivered to the Texas grid • Renewable energy sources that offset (but do not produce) electricity (e.g., solar hot water, geothermal heat pumps), and customer sited-projects (e.g., solar) are also eligible Tracking and accounting method • Tradable renewable energy certificates with yearly compliance period • 3 month grace period after compliance period allowed for fulfillment Certificates • Issued on production, unit 1 MWh, 2 years of banking allowed after year of issuance, borrowing of up to 5% of the obligation in first 2 compliance periods allowed, development of web-based certificates tracking system* Regulatory bodies • Texas Public Utilities Commission establishes RPS rules and enforces compliance; ERCOT Independent System Operator serves as REC trading administrator Enforcement penalties • The lesser of 5(US) cents or 200% of mean REC trade value in compliance period for each missing KWh * Some countries, notably Denmark, have considered establishing a price floor for RECs. No U.S. RPS has . . .
--3000,2,750,3164,172454