Compliance Retirements - EDP Sub-Account

The Load-Serving Entity (LSE) can transfer Bundled Certificates from their Active Sub-Account to their EDP Sub-Account for the Environmental Disclosure Program at any time during the Trading Period (the Trading Period ends June 30th after the end of the certificate vintage year - i.e. the 2021 trading ends after June 30th 2022).

Prior years’ Banked Certificates without the Tier 1 eligibility flag, and Unbundled Imports cannot be deposited into the EDP Sub-Account.

A video of this article is provided below, and written step-by-step instructions are provided below that:

 To Retire RECs into the EDP Sub-Account: 

1. Select a batch of certificates from an Active or Banked Sub-Account and press Batch transfer.
2. Select the EDP Retirement option
3. Select the desired EDP Sub-Account. When Transferring to EDP Sub-Accounts, the drop-down for Sub-Account will only include EDP Sub-Accounts with NYISO Load greater than 0 MW
4. The LSE can optionally report Additional Details to assign Retail Products to their EDP Retirements.
5. The EDP Sub-Account transfer screen has four retirement types to choose from to provide additional details about the EDP Retirement.  The EDP Retirement Types include:  

Retirement Type	Attribute Fields	Purpose
Utility Green Pricing Product	Certification [Dropdown] o   Green- E o    Other o   None Additional Details [Free Text Field]	Renewable electricity products offered to residential and non-residential utility customers as part of their existing electric service
Competitive Green Power Product:	Certification [Dropdown] o   Green- E o    Other o   None Additional Details [Free Text Field]	Renewable electricity products offered to residential and non-residential customers of a competitive electricity supplier in a deregulated market
RES Compliance:	Additional Details [Free Text Field]	LSEs need to ensure Tier 1 REC are assigned to their EDP Sub-Account for the reason of “RES Compliance” if they want the Tier 1 RECs to count towards their obligation RECs deposited into the EDP Sub-Account without assigning the ‘RES Compliance’ reason will not count against the obligation in the Compliance Summary module. Only RECs flagged as Tier 1  can be used for RES Compliance  For more information on Tier 1 Compliance:  NYGATS Training: Compliance and Order Screen Training
Other	Certification [Dropdown] o   Green- E o   Other o   None Additional Details [Free Text Field]	Certificate Retirement for a third party beneficiary or environmental cause

Note: At Settlement, the Attributes of the Certificates in the LSE EDP Sub-Account, and the Attributes of the Residual Mix and NYSERDA Mix will be used to create the Environmental Disclosure Label for the LSE.

 

Other Articles Related to RES Compliance and LSE Obligation

• Compliance Overview - Tier 1, Tier 2, and ZEC
• Annual Settlement and EDP Labels
• LSE RES Compliance Report
• Ordering Tier 1 RECs From NYSERDA (Quarterly Tier 1 REC Sale)
• Provisional Eligibility Application for Upgraded Capacity
• RES - Tier 1 Certification Application
• Review Reported Load
• When are Alternative Compliance Payments (ACPs) due?

 

Articles Related to Transfers

• Accepting a Certificate Transfer
• Annual Trading Period Window
• Certificate Transfers (Manual)
• Recurring Transfers/Forward Certificate Transfer
• Transfer Renewable Energy Certificates to Another Account Holder (Manual Transfers)
• Transfer Rules: LSE Summary
• What are the NYGATS Banking Rules?
• Compliance Retirements - EDP Sub-Account