What Types of RECs can be Transferred to another Account Holder?
- Renewable
- Non-Renewable
- Bundled (associated with physical power in NY)
- Unbundled (Certificate Only)
- Banked Certificates
What Types of RECs can NOT be transferred to another Account Holder?
- Retired RECs
- Tier 1 RECs Received from NYSERDA
- Tier 1 RECs purchased from NYSERDA cannot be transferred on again.
- They can only be retired or Banked by the account holder.
- RECs from a project with a Tariff Type of 'Net Energy Metering'
- RECs from NEM projects may NOT be retired on behalf of a third party beneficial owner
- RECs from VDER Projects
- RECs from VDER projects may NOT be retired on behalf of a third party beneficial owner
What types of RECs can be Retired for Voluntary (non-EDP) purposes?
- Only Certificates that qualify as Renewable may be retired by action of the Account Holder.
- Unbundled Certificates because Bundled Certificates (those associated with the sale of energy) are retired in an LSE’s EDP Subaccount
Note - Certificates may NOT be transferred out of the Retirement Subaccount.
What Types of RECs Can be Transferred into and out of my Active Sub-Accounts?
Certificates in an Active Subaccount can be transferred at the discretion of the Account Holder.
There are five ways that Certificates are deposited in the Active Subaccount:
- Certificates created by the NYGATS for generation from NYISO Generators and energy imported from External Generators.
- Certificates created by the NYGATS for generation data telemetered consistent with the Interface Control Document by New York Small Wholesale Generators, New York Behind-the-Meter Generators, New York Small Wholesale Generators Also Serving On-site Loads, and part of NYISO Generators Also Serving On-site Loads using a Qualified Independent Party.
- Certificates created by the NYGATS for generation from New York Small Wholesale Generators, New York Behind-the-Meter Generators, and New York Small Wholesale Generators Also Serving On-site Loads whose generation data is reported to the NYGATS via the Self-Reporting Interface.
- Certificates created by the NYGATS from Unbundled Certificate imports from a Compatible Certificate Tracking System.
- Certificates transferred from another Account Holder’s Active Subaccount. Both Account Holders must agree to the transfer.
There are four ways to withdraw or remove Certificates from the Active Subaccount:
- Certificates transferred to another Account Holder’s Active Subaccount subject to both Account Holders agreeing to the transfer.
- Certificates transferred to the Account Holder’s own Banked Subaccount.
- Certificates transferred to the Account Holder’s own Retirement Subaccount.
- Certificates remaining in an Active Subaccount at Settlement will be automatically removed and included in the Residual Mix and used for Environmental Disclosure Labels.
What Types of Certificates can be Banked?
- Renewable Energy Certificates (RECs)
- Certificates from Non-renewable Fuel Cells.
- Bundled (associated with physical power in NY)
- Unbundled (Certificate Only)
Note - All Account Holders are eligible to bank non-RES Tier 1 Renewable Certificates indefinitely for voluntary retirement purposes.
Banking rules specific to RES Tier 1 Certificates
For information on Banking Rules, please visit the following User Training Guide:
Using RECs from VDER or NEM Projects?
In General, RECs from VDER or NEM Projects can NOT be transferred to another account holder. THe following table summarizes all the transfer rules related to RECs from VDER or NEM Projects.
* All pre-existing NEM projects that are eligible to bid into RES Tier 1 solicitations are subject to a previous RPS Main Tier contract rule that prohibited simultaneous collections of both New York RPS incentive
payments and production-based incentives from any other state or local source, including CST, NY-Sun, and CEF program incentives.
** The Certificates will be transferable to NYSERDA pursuant to contract who may then transfer them to Load Serving Entities.
What RECs can be Transferred to NYSERDA Renewables?
- Transfers To NYSERDA Renewables are only allowed if NYSERDA Funding = Main or Renewable Energy Standard or Maintenance
- Transfer to NYSERDA Renewables is restricted to certificates sourced from a Renewable Fuel type, or from a non-renewable project, but who's NYSERDA Funding attribute is not =NONE
Other Articles Related to Transfer Rules
- 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