Self-consumption simplified via the I-REC Standard
The I-REC Standard Foundation board voted to approve a simplified method for device owners to redeem their own certificates on their behalf. End-users of electricity with owned (renewable) generation facilities were previously required to register or work with a market participant to redeem certificates for their own generation. This change allows these “prosumers” to procure and redeem certificates from their own facilities with a greater level of flexibility and at reduced costs. This new process is intended to limit the burden and complexity for these self-consuming renewable generators. The process will be implemented on an issuer-by-issuer basis starting in January 2020. If you have questions about self-consumption or the process in which it will be implemented please contact the secretariat at firstname.lastname@example.org.