The following transfer summary was designed specifically for Load Serving Entities (LSEs). These rules are very similar for non-LSEs, but please review the following training guide for more comprehensive transfer restrictions:
Renewable Energy Certificates (REC) Uses
Inter-Account Transferability (Account Holder to Account Holder Rules)
General notes on Inter-Account (account holder to account holder) Transfers
- ZECs/Tier 2 RECs will not be transferred to AH subaccounts as per 2019 ZEC Agreement/2021 Tier 2 Agreement
- May not transfer Tier 1 RECs received from NYSERDA from the account holder to account holder
Intra-Account Transferability (Within Account Holder NYGATS Account)
General notes on Intra-Account (Sub-Account) Transfers
- ZECs/Tier 2 RECs will not be transferred to AH subaccounts as per 2019 ZEC Agreement/2021 Tier 2 Agreement
- EDP-compliant RECs required for RES Compliance, CCA and ESCO green offerings
Tier 1 Banking Notes for LSEs
- Banking Tier 1 RECs only allowed in June.
- LSEs may not bank Tier 1 RECs until they have met their Tier 1 obligation for the compliance year matching the REC vintage.
- LSEs are limited to banking Tier 1 RECs (any vintage) up to 60% of their current year obligation.
- ZECs and Tier 2 RECs can NOT be banked.
Other Articles Related to Transfer Rules
- Accepting a Certificate Tranfer
- Annual Trading Period Window
- Certificate Transfers (Manual)
- Recurring Transfers/Forward Certificate Transfer
- Transfer Renewable Energy Certificates to Another Account Holder (Manual Transfers)
- What are the NYGATS Banking Rules?
- Compliance Retirements - EDP Sub-Account