Renewable energy certificates (RECs) are market-based instruments used to track the production of electricity from a qualifying renewable energy source such as solar, hydro or wind. One REC represents one megawatt hour (MWh) of electricity generated from a renewable energy source and delivered to the grid.
Purchasing RECs allows you to retrospectively classify the energy you use from the grid as clean and renewable and offset Scope 2 emissions: this enables your company to green its electricity mix from the grid and reduce its carbon footprint.
Quality credits are key. In October 2021 Singapore introduced a new national standard to enhance the credibility and accountability of RECs used to make renewable energy claims in the country - Singapore Standards (SS) 673 on the Code of Practice for RECs
Note: If you produce renewable energy in excess of your own consumption (for example, through rooftop solar panels), you can sell the excess energy to the grid and generate an income from the issuance of renewable energy certificates.
1,000 kWh
of renewable electricity generation equals one REC
Browse the Renewable Energy Portal, Energy Market Authority - EMA, to know more
Examples of REC platforms in Singapore:
- REDEX (formely known as trecs.ai)
- GONETZERO (Sembcorp’s carbon management business) link to : https://www.gonetzero.ai/
- Renewable Energy Certificates (spgroup.com.sg)
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