17 Jul 2024
What are Renewable Energy Certificates (RECs)?
Renewable Energy Certificates (RECs) are tradable credits that verify one megawatt-hour (MWh) of electricity was produced from renewable sources like solar panels. Many businesses buy RECs to meet their sustainability goals and offset carbon emissions. Renewable energy generators, including homeowners of landed properties here in Singapore with solar panels, can trade these certificates. Each certificate is traded on platforms that are registered with I-REC Standard or APX TIGRs. The benefits generated from RECs is in addition to the returns you get from selling excess electricity back to the grid. RECs are intangible and virtual creations that represent the environmental benefits of renewable energy generation.
How does Rezeca make it Hassle-Free?
Rezeca offers a straightforward solution for all our customers. Solar PV System owners can simply sign an authorisation form, allowing Rezeca to manage all aspects of their RECs. We do not require any additional documents from you. In return for the RECs, Rezeca provides a service package, which includes maintenance for your solar panel system, among other benefits. By choosing Rezeca, you offload the administrative burdens and financial risks associated with market fluctuations and regulatory changes, while receiving tangible services worth real money. This ensures your system operates efficiently and you maximise your returns without any extra effort.
To get started, contact us directly via WhatsApp at 98399044 or email us at RECs@rezeca.com.
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Why not managing RECs myself?
Managing RECs independently can be daunting for individual homeowners due to various fees and administrative tasks. The process involves significant paperwork, including registering solar panels, tracking energy production, and submitting data for verification every half yearly, which incurs significant costs for metering, registration, and certification. Additionally, the REC market is volatile and subject to price fluctuations and regulatory changes, which can pose potential financial risks. This volatility can make it difficult for small-scale producers to predict the revenue from managing RECs, reducing the feasibility of trading them independently.
