Rec Tracking And Accounting

Electronic REC tracking and accounting systems are being developed to assist in verification and certification. These systems are being designed and implemented to perform the essential functions of issuing certificates, tracking changes of ownership, and retiring certificates when they are used to support compliance or voluntary claims. Tracking systems thus create a record of generation that contains a variety of information useful or necessary to determine the REC's eligibility in compliance markets or its desirability in voluntary markets. Therefore, the tracking systems serve as essential verification tools to help prevent double-selling of RECs and support credible REC markets. Figure 2 shows certificate tracking systems in operation and those under development or discussion.

REC Tracking Systems that are in operation today are found in New England (NEPOOL Generation Information System) and the states of Texas, Wisconsin, and the Canadian province of Manitoba. Stakeholders are currently developing design criteria for the PJM Generation Attributes Tracking System (GATS) and the Western Renewable Energy Generation Information System (WREGIS), a regional effort including 11 Western U.S. states, 2 Canadian provinces, and Northern Baja. Also, tracking systems are under discussion in

Ontario, New York (as part of the RPS rulemaking), and in the Upper Midwest states of Minnesota, North Dakota, South Dakota, Iowa, and Wisconsin.

Rabago asserted that the equivalent of a financial banking system is needed for REC tracking systems. State, provincial, regional, or national REC "issuing bodies" need common practices for handling accounts and for

Source: Cefller for ftesûurfe SoluliOfli

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