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Renewable Energy Credit (REC)

Renewable Energy Credit (REC)

The California Energy Commission (CEC) has determined the eligibility of net energy metering customer facilities for the RPS and developed an ownership verification, tracking and certification process for RECs created by net surplus generators, which is set forth in the CEC’s RPS Eligibility Guidebook, available at: http://www.energy.ca.gov/renewables/documents/.

SCE will include a Renewable Attribute Adder (RAA) with the Net Surplus Compensation Rate (NSCR) if an eligible customer or aggregator executes Form 14-935 that shows that the customer: (1) has registered the generation facility at the Western Renewable Energy Generation Information System (WREGIS); (2) has obtained RPS ownership certification from the CEC for his net surplus generation and provides this certification to SCE; and (3) allows for the ownership of the RECs associated with his net surplus electricity to be transferred to SCE.

The RAA will be calculated using the most recent Western Electricity Coordinating Council (WECC) average renewable premium, based on United States Department of Energy (DOE) published data. The RAA will only be paid to those net surplus generators who provide RECs to the SCE.

Value of Renewable Energy Credits (RECs)= Net surplus kWhs x RAA (average renewable premium)

Below is the format, it will be updated every year in October.

For Period Renewable Attribute Adder ($/kWh)
10/1/2013
0.01645