Common use of RECs Clause in Contracts

RECs. In addition to soliciting bids for power supply that meets the required MA RPS obligation, Greenfield will solicit bids to supply additional Renewable Energy Certificates (RECs) for both the standard product and the optional product. ▇▇▇▇▇▇▇▇▇▇’▇ goal is for the standard product to be 100% renewable. The optional product will be even greener than the standard product, for example by including a higher percentage of “new” renewables. The town will seek RECs from a variety of renewable sources, and will choose the proposals that offer the best combination of environmental benefit and price. Greenfield will require bidders to identify the technology, vintage, and location of the renewable generators that are the sources of the RECs. It will also require that the RECs either be created and recorded in the New England Power Pool Generation Information System or be certified by a third party such as Green−e.

RECs. In addition to soliciting bids for power supply that meets the required MA RPS obligation, Greenfield will solicit bids to supply additional Renewable Energy Certificates (RECs) for both the standard product and the optional product. ▇▇▇▇▇▇▇▇▇▇’▇ Greenfield’s goal is for the standard product to be 100% renewable. The optional product will be even greener than the standard product, for example by including a higher percentage of “new” renewables. The town will seek RECs from a variety of renewable sources, and will choose the proposals that offer the best combination of environmental benefit and price. Greenfield will require bidders to identify the technology, vintage, and location of the renewable generators that are the sources of the RECs. It will also require that the RECs either be created and recorded in the New England Power Pool Generation Information System or be certified by a third party such as Green−eGreenZe.