| Product Name: | New York 100% LIHI Existing Hydro New York State Public Service Commission 12 Month Certificate | | Product Category: | 100% LIHI Existing Hydro | | Product Region: | New York | | Product Certificate: | New York State Public Service Commission | | Product Term(months): | 12 | | Retail Price: | $0.015 | | Price Measure Unit: | Each kWh |
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This is a Renewable Energy Certificate (REC) product. Renewable Energy Certificates (RECs) are a renewable energy product that every U.S. business, college, non-profit organization, government agency and individual consumer can purchase to reduce the environmental impact of everyday activities. Purchasing RECs is an effective way to green up electricity and neutralize carbon. RECs are also called green tags, green credits, renewable certificates, renewable credits and Tradable Renewable Certificates (TRCs). A REC represents all the environmental attributes, for example, avoided carbon dioxide emissions, that are created when electricity is generated using renewable resources instead of using fossil fuel sources such as coal, oil and natural gas. The purchase of RECs supports renewable electricity generation, which can help offset conventional electricity generation in the region where the renewable generator is located. The ability to acquire RECs independent of electricity means buyers can "green up" without having access to utility-provided green power and without having to switch to another electricity provider. The overall benefit of buying a REC product or green power (commodity electricity + RECs) is exactly the same. Both products clear the air by offsetting emissions from regular fossil-fueled power plants. They also contribute to sustainability, energy security, energy independence and domestic economies. |
