What are renewable energy certificates?

Renewable energy certificates (REC) are paper certificates that represent an energy created by a renewable source and can be purchased or traded between individual owners or businesses. The certificate itself is the energy equivalent of 1 megawatt hour (MWh) and the owner of the certificate can use power but desires. A certified renewable energy plant produces energy and fed energy into the electricity network where the owner of the certificate can use it. The certificate of renewable energy sources is usually purchased by power plants and companies, as there are laws that state that the percentage of their total energy must be renewable or because they want to increase the evaluation of public establishment. Certified plants renewable energy sources collect energy from wind, solar panels, hydrogen fuel cells and biofuels. As with supplies and Bonds, certificates are marked with a unique serial number. After printing, the certificate can be purchased and used later or the shopChristmas. In order to allow the owners to use energy, the plant of renewable energy sources brings energy to the electric grid after its creation. The power supply awaits in the electric grid until the owner requires the right to use energy. The energy is then siphoned anywhere the owner needs it.

The two largest renewable energy customers are electric companies and general companies. Electric companies tend to buy REC because most countries have laws that these companies must sell to customers a certain amount of renewable energy; The amount depends on the area. Another reason for using renewable energy is that businesses look more responsible, which can lead to further sale. Rec may be cheaper than non -renewable energy, but prices are often fluctuating, so it may or may not be true at the moment.

Any energy company can store energy in electric SBut only some energy companies can produce renewable energy. Non -renewing energy companies can store energy but cannot sell renewable energy certificates. The types of renewable energy that have no provisions since 2011 include solar energy, geothermal energy, biofuels and wind. Some types of energy have a provision. For example, hydropower is viable only from small devices that do not affect the flow of water, and fuel cells are considered renewable only if they run on a hydrogen obtained from another source of renewable energy.