Changes in Connecticut Clean Energy Marketing

October 27, 2020

The Connecticut Public Utilities Regulatory Authority will implement new standards for the marketing of Renewable Energy Credits (RECs).  Suppliers may not market products as “renewable energy” unless the offer is supported by an ownership interest in or PPA for a renewable resource used to serve the contract.

Suppliers will be allowed to serve customers existing as of the date of this decision (10/21/2020) under the previous contract until January 2022, at which time any remaining legacy customers must be converted to the REC-only program.  RECs may originate only from ISO-NE, New York ISO, or PJM control areas and RECs may originate only from sources defined as Class I (solar, wind, hydro, combined heat & power).

 

For More:

• http://www.dpuc.state.ct.us/DOCKCURR.NSF/All/0B78AC23C87FE85B852586080065EE0D?OpenDocument 

• https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/texas-renewable-energy-credit-markets-advance-green-e-prices-back-off-60107962