Terms and Conditions of Renewable Energy Certificates Trading in the United States

EU ENERGY LAW AND POLICY ISSUES, Section 4.4, pp. 323-360, B. Delvaux, M. Hunt and K. Talus, eds., Second Edition, Euroconfidentiel, 2010

Posted: 29 Sep 2010 Last revised: 25 Mar 2015

See all articles by Catherine Banet

Catherine Banet

Department of Petroleum and Energy Law, University of Oslo, Faculty of Law

Date Written: 2010

Abstract

Renewable Energy Certificates (hereinafter RECs) are stricto sensu flexible compliance instruments that support the production of electricity from renewable energy sources. In the United States, the use of RECs inscribes itself in the general picture of green power policies. Green power is a market-driven product that has been a commercial argument or a legislative obligation according to the level of restructuring of the electric industry. RECs have developed in the frame of these green power offers as important tools in green energy certification and tracking, but have also become commodities traded on separate markets. The present contribution analyses the trading rules for RECs in the United States under two perspectives: the central regulatory and contractual conditions for trading RECs, and the legal barriers raised to limit it. Because of the similarities of the debate in Europe and the United States, comparisons will be drawn when relevant.

Keywords: renewable energy certificates, green certificates, renewable energy, trade, tracking

Suggested Citation

Banet, Catherine, Terms and Conditions of Renewable Energy Certificates Trading in the United States (2010). EU ENERGY LAW AND POLICY ISSUES, Section 4.4, pp. 323-360, B. Delvaux, M. Hunt and K. Talus, eds., Second Edition, Euroconfidentiel, 2010. Available at SSRN: https://ssrn.com/abstract=1683990

Catherine Banet (Contact Author)

Department of Petroleum and Energy Law, University of Oslo, Faculty of Law ( email )

P.O. box 6706
St. Olavs plass
Oslo, 0130
Norway

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