Our Experience
Additional revenue providing cheaper electricity
Improve ROI for Renewable Assets
Environmental Claims & Support Renewables
Gain access to green markets & hedging
Northmore Gordon has registered over 6 million certificates over the last 10 years. REC are registered for two purposes:
Register and sell RECsI-RECs, GOs, TIGRs, LGCs, ZNECs, J-Credits for a faster return on investment by monetizing the renewable component of the energy separately from the energy. RECRenewable Energy Certificate revenue can be as much as 50% of the ROI (provide as much value as the energy sold). Businesses (with behind-the-meter generation), investors (eg in Solar Farms), or developers (selling systems or developing biomassBiomass is plant or animal material used to produce electricity or heat. Examples include forestry by-products, crop waste, animal waste and food processing waste. Biomass is considered a renewable energy fuel if it comes from a sustainably managed source. plants) use this to increase asset ROI.
A Renewable Energy Certificate (REC) is proof that 1MWh of electricity was generated by a renewable energy generator. Unbundled (or Decoupled or) from the electricity, RECs (LGCs, I-RECs) are registered and traded separately on international markets to corporations with renewable energy targets or compliance requirements.
Eligible renewable electrical energy generators include:
- Wind, Solar, Hydro, and Geothermal
- Biomass, and Biogas assets
RECs are sold or spot or forward OTC global markets
- LGCs are trading between AUD $ 35 – $ 80 (USD $25 – $50)
- I-RECs and vary from USD $2 – $50 by region.
RECs can be surrendered (aka retired or redeemed) to meet renewable commitments including)
- RE100RE100 is the global corporate renewable energy initiative bringing together large businesses committed to 100% renewable electricity. The members must be influential based on their either their brand, global presence, significant energy use or other characteristics that bring attention to their commitment. All companies must commit to purchasing 100% of their electricity from renewable sources by 2050 and purchase that power in the same location they are using it. Interim targets are 60% by 2030 and 90% by 2040. The program is led by the Climate Group in partnership with the CDP. More (Renewable Energy 100% initiative)
- Science Based Targets Initiative (SBTiScience Based Targets initiative)
- Australian GreenPower (decoupled Greenpower LGCs)
- Australian Climate ActiveClimate Active is an accreditation program for Australian companies to certify their organisations, products, services, events, buildings or precincts as carbon neutral. The program is backed and administered by the Australian government. Companies have to measure their scope 1, 2 and material scope 3 emissions, reduce where possible and offset the remainder by purchasing and retiring offsets. Allowed offsets are LGCs for scope 2 and ACCUs, CERs, RMUs, VCUs or VERs for scope 1 or 3 emissions. Annual reporting is required and published on the Climate Active website. More Carbon NeutralThe act of offsetting all scope 1, 2 and 3 emissions associated with a product or service. program
- Voluntary & Compliance renewable energy targets
REC Registration, trading and retirement requires accreditations, registry accounts, and trading networks.
How can we help?
Asset & REC Registration
It can be quite challenging to gather the right data, register your generation asset, and negotiate with the regulatory/registry on any additional requirements. Setting up registry accounts and meeting compliance requirements is a complex and time-consuming process with many steps. NG takes care of this process and handles quarterly REC creation. The services we perform are:
- Registering your renewable energy asset
- Power Station registration In Australian with the Clean Energy Regulation (for LGCs)
- Device registration through-out Asia with the Evident Registry (I-RECs)
- Quarterly data validation, creation of RECs with the regulator
- Managing the compliance process with the regulator
- Fulfilling annual reporting requirements to the regulator.
REC sale, hedging and market insights
With over 10 years of experience, NG has been actively involved in environmental certificate trading. Holding an Australian Financial Services License, we offer comprehensive market insights and provide contracts for spot, forward hedging, and options to facilitate risk management. Our services include:
- Guidance on REC pricing and strategies for forward market hedging or options
- Offering REC price scenario modelling to support investment decisions
- Facilitating long term off take agreements for RECs (including forward hedging & options)
- Providing advice on the forward energy market and assisting with forward positions
- Managing aggregation and trading of registered RECs
- Maximising the value of RECs by aligning attributes with buyers preferences (such as vintage, technology, commissioning data, region, and reporting requirements)
- Ensuring quarterly payments are made directly to your account
NG stays abreast of the underlying drivers of supply and demand for different REC markets. We track new RECs frameworks, such as the Guarantee of Origin- GO that is being developed by the AU government. NG tracks policy and regulatory changes closely to assist in modelling.
LGCLarge-scale Generation Certificate under the Australian Renewable Energy Target. More Wholesale Pricing – 5 years.
REC retirement, redemption and Audit trail
Northmore Gordon provides full transparency of the RECs or Offsets retired on the beneficiaries behalf. NG will provide:
- A signed statement of retirement
- An extract from the registry showing quantity, vintage, project, technology
- For those registries that allow a public URL can be provided from the registry showing the retirement and the beneficiaries details.
NG can provide advice on correct reporting of RECs against RE100, SBTi, GHGGreenhouse gases trap heat in the atmosphere. They all have different global warming potentials (GWP) over different time frames, the higher the number, the worse the impact. For simplicity of accounting everything is referenced back to carbon dioxide which has a global warming potential of 1. There are over 200 GHGs listed in the IPCC fifth assessment report, a sample are below. Note that in current carbon accounting standards the 100 year GWP is used. Greenhouse gas 20 year GWP100 year GWPCarbon dioxide CO211Methane CH48428Hydrofluorocarbon HFC-134a37101300Chlorofluorocarbon CFC-1169004660Nitrous Oxide N2O264265Sulfur hexafluoride SF617,50023,500 Protocol, NGERs and voluntary surrender. Including meeting Market-based and Location-based reporting requirements.
Rec Registration Contact Form
Please fill out the form below if you are interested in registering recs and we will be in contact
