West Virginia to Establish REC Trading Platform
WEST VIRGINIA – On December 7, West Virginia Governor signed House Bill 408D, a bill relating to the state’s Alternative and Renewable Energy Portfolio Act (AREP). Among the items addressed in the bill was the establishment of a provision for a REC tracking system. The bill requires the Public Service Commission to establish a system…
WEST VIRGINIA – On December 7, West Virginia Governor signed House Bill 408D, a bill relating to the state’s Alternative and Renewable Energy Portfolio Act (AREP). Among the items addressed in the bill was the establishment of a provision for a REC tracking system. The bill requires the Public Service Commission to establish a system of tradable credits to verify and monitor the generation and sale of electricity generated from alternative and renewable energy resource facilities. The credits may be traded, sold or used to meet the portfolio standards. While the AREP allows “alternative” fuels such as natural gas and clean coal to count toward compliance, it awards a credit multiplier for renewable energy credits.
