CAPTURING REVENUE FROM RENEWABLE ENERGY CREDITS
Many states incentivize renewable energy through programs called Renewable Portfolio Standards (RPS). These programs require both regulated and competitive energy suppliers to source a mandated percentage of the electricity they sell from qualifying renewables. Some states also have an Alternative Energy Portfolio Standard (APS) which incentivizes technologies such as combined heat and power (CHP), flywheel storage, and efficient steam. Suppliers demonstrate that they have met the program requirements by purchasing renewable energy credits (RECs) and alternative energy credits (AECs) from qualifying generators.
If your facility has renewable or alternative generating assets, you may qualify for this program and be able to sell RECs or AECs for an additional revenue stream. SourceOne can help you navigate the RECs market and regulatory landscape. We can support customers through the entire process by helping:
- Qualify generating assets
- Conduct accounting and filing on the asset’s generation
- Assist with regulatory filings and reporting
- Identify potential buyers
- Perform trading transactions
Customers can rely on SourceOne’s deep experience in energy markets to ensure they maximize their revenue from renewable and alternative generation.
VOLUNTARY CARBON OFFSETS
In the age of climate change, many forward-thinking companies are interested in demonstrating their commitment to sustainability by purchasing carbon offsets. There is a complex ecosystem of voluntary carbon credit programs. SourceOne can help match you with a program that meets your needs both in terms of volume and credibility.
FINANCIAL FIRM ENERGY DATA MANAGEMENT
The world’s leading source of intelligent information for businesses and professionals saves $400,000 in annual energy costs by leveraging SourceOne's strategic commodity support and online energy management system.