West Virginia Creates REC-Trading Platform
Renewable Energy Portfolio Graphic
Last week, West Virginia Governor signed a bill relating to the state’s Alternative and Renewable Energy Portfolio Act (AREP), House Bill 408D. The bill includes provisions for the establishment of 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.
