Tags: Guarantee of Origin, REC portfolio management, REC software, RECs Software Solutions, RECTracker, renewable energy, Renewable Energy Credits
Across Europe, consumers choose renewable electricity and do so on a large scale. In both liberalized and monopolized markets consumers are having an increased influence on the production of electricity by specifying the product they wish to use. Guarantee of Origin (GO) certificates are issued to renewable energy producers and the electronic document is used to guarantee to consumers that the energy delivered is produced from renewable resources. The issuance upon production, and cancellation upon consumption, is managed through registries. In the European common energy market, energy can be produced in one EU country and delivered to consumers in another. So, in order to manage GO certificates across multiple registries, and supporting differentiating customer product offerings, is your system guaranteed a ‘GO’?
Tags: C/ETRM, energy industry, ETRM software, REC software, RECTracker, REMIT, risk management, Risk management software
Market demand for renewable energy continues to grow due to governmental programs, increasing corporate initiatives as well as households voluntarily choosing to purchase ‘green’ energy. Consequently, the volumes of Renewable Energy Certificates (RECs) guaranteeing that the electricity was produced from a renewable energy resource are swelling.
Apart from the management challenge of tracking RECs and monitoring exposure, those types of certificates that are tradable carry a value and must be settled and reported. This calls for automation of the end-to-end process, from generation to expiration or retirement. Pioneer’s RECTracker provides a robust solution from inventory planning to accounting. Time to ‘renew’ your RECs/GOs management system?
Tags: energy industry, ETRM software, GreenCo Solutions, North Carolina, Pioneer Solutions, REC portfolio management, REC software, RECs, RECTracker, Renewable Energy Credits
Pioneer Solutions is pleased to announce that North Carolina’s GreenCo Solutions has purchased the RECTracker software and will begin the implementation process immediately.
GreenCo Solutions manages compliance with the North Carolina Renewable Energy and Energy Efficiency Portfolio Standard (REPS) on behalf of 22 North Carolina electric cooperatives. GreenCo selected Pioneer Solutions’ RECTracker due to its ability to satisfy their unique business requirements.