NC-RETS provides an easy-to-use, Web-based platform to create, track, and manage renewable energy certificate (REC) origination for renewable energy production facilities, utility energy efficiency and demand-side management programs, and hydro power sold by the Southeastern Power Administration to NC municipal and cooperative electric utilities. NC-RETS will be used by North Carolina utilities to demonstrate compliance with NC’s renewable energy portfolio standard.
All certificates issued and held in NC-RETS are tracked using unique serial numbers. Account holders can transfer certificates to other account holders, and retire certificates that have been used for compliance with North Carolina’s renewable energy portfolio standard. The NC-RETS data infrastructure prevents double-counting of certificates and provides public reports and a full audit trail of all transactions, to ensure the integrity of the certificates issued and held in the system.
Posted in: About NC-RETS