Supply and Demand Dynamics, Policy Factors, Industry Issues and Challenges, and Key Players: Market Analysis and ForecastsGrowth of the renewable energy sector is supported by various mechanisms that subsidize product development, and a key tool for the industry is the Renewable Energy Certificate (REC), which has emerged as a market-based subsidy to support the production of electricity sourced from renewables. The REC is the environmental attribute associated with the generation of 1 megawatt hour of green energy. It is considered to have value in the market because the generation of energy using wind, hydropower, solar, geothermal and biomass displace energy that would otherwise be sourced from fossil fuels. Two distinct markets exist for RECs. The voluntary market is made up of companies, institutions, organizations and individuals who purchase certificates to demonstrate environmental stewardship. The compliance market is mandated by state level policies called Renewable Portfolio Standards that require load serving entities to source a percentage of their electricity load from renewable energy sources.A growing awareness of climate change and the numerous benefits of renewable energy have resulted in increased interest in renewable energy by policy makers, companies, organizations and individuals. As a result of the growing demand for renewable energy, market trends such as lower prices, increasingly aggressive Renewable Portfolio Standards and demand preferences for certain resources have emerged in the past five years. Even with the current economic recession, both markets continue to grow.This Pike Research report analyzes supply and demand dynamics for the REC market, regulatory and policy factors, key industry issues and challenges, and the key players who are shaping this fast-growing category. Based on extensive primary research and in-depth examination of market trends, the report includes comprehensive market data and forecasts for the growth of RECs as renewable energy is adopted on a larger scale in the coming years.Key questions addressed:What is a Renewable Energy Certificate (REC)'How does the market for RECs function'Who purchases RECs and why'What are some of the issues and challenges of RECs'What will the REC market look like in five years'Who needs this report'Companies interested in purchasing RECs in the voluntary marketEnvironmental Brokers & TradersRenewable Energy Certificate MarketersLoad Serving Entities / UtilitiesEnergy Facility DevelopersEnergy Facility InvestorsTracking RegistriesGovernment and Policy Making Agencies and IndividualsInvestors

1. Find Industry reports, Company profiles
ReportLinker and Market Statistics
>> Get this Report Now by email!
Renewable Energy Certificates
Published on April 2010
Report Summary
Supply and Demand Dynamics, Policy Factors, Industry Issues and Challenges, and Key Players: Market Analysis and
Forecasts
Growth of the renewable energy sector is supported by various mechanisms that subsidize product development, and a key tool for
the industry is the Renewable Energy Certificate (REC), which has emerged as a market-based subsidy to support the production of
electricity sourced from renewables. The REC is the environmental attribute associated with the generation of 1 megawatt hour of
green energy. It is considered to have value in the market because the generation of energy using wind, hydropower, solar,
geothermal and biomass displace energy that would otherwise be sourced from fossil fuels. Two distinct markets exist for RECs. The
voluntary market is made up of companies, institutions, organizations and individuals who purchase certificates to demonstrate
environmental stewardship. The compliance market is mandated by state level policies called Renewable Portfolio Standards that
require load serving entities to source a percentage of their electricity load from renewable energy sources.
A growing awareness of climate change and the numerous benefits of renewable energy have resulted in increased interest in
renewable energy by policy makers, companies, organizations and individuals. As a result of the growing demand for renewable
energy, market trends such as lower prices, increasingly aggressive Renewable Portfolio Standards and demand preferences for
certain resources have emerged in the past five years. Even with the current economic recession, both markets continue to grow.
This Pike Research report analyzes supply and demand dynamics for the REC market, regulatory and policy factors, key industry
issues and challenges, and the key players who are shaping this fast-growing category. Based on extensive primary research and
in-depth examination of market trends, the report includes comprehensive market data and forecasts for the growth of RECs as
renewable energy is adopted on a larger scale in the coming years.
Key questions addressed:
What is a Renewable Energy Certificate (REC)'
How does the market for RECs function'
Who purchases RECs and why'
What are some of the issues and challenges of RECs'
What will the REC market look like in five years'
Who needs this report'
Companies interested in purchasing RECs in the voluntary market
Environmental Brokers & Traders
Renewable Energy Certificate Marketers
Load Serving Entities / Utilities
Energy Facility Developers
Energy Facility Investors
Tracking Registries
Government and Policy Making Agencies and Individuals
Investors
Renewable Energy Certificates Page 1/6

2. Find Industry reports, Company profiles
ReportLinker and Market Statistics
Table of Content
Table of Contents
1. Executive Summary
1.1 Market Overview
1.2 Market Drivers
1.3 Key Stakeholders
1.4 Market Analysis
1.5 Regional Tracking Registries
1.6 Pricing of Renewable Energy Certificates
1.7 Market Forecasts
2. Market Overview
2.1 Renewable Energy
2.2 The Development of a Nascent Industry
2.2.1 Green Pricing Programs
2.2.2 Green Power Marketing
2.2.3 Renewable Energy Certificates
2.3 Market Drivers
2.3.1 Production Tax Credit
2.3.2 Investment Tax Credit
2.3.3 MACRS + Bonus Depreciation
2.3.4 Resource Carve-Outs
2.3.5 Increased Awareness of the Environment
3. Key Industry Players
3.1 Facility Developers and Owners
3.1.1 SunEdison
3.1.2 Renewable Energy Systems
3.2 Wholesale and Retail Shops
3.2.1 Bonneville Environmental Foundation
3.2.2 3Degrees Energy
3.2.3 Renewable Choice Energy
3.3 Brokers and Traders
3.3.1 GT Environmental Finance
3.3.2 Evolution Markets
3.4 Load-Serving Entities
4. Market Analysis
4.1 The REC Compliance Market and Renewable Portfolio Standards
4.2 The Voluntary REC Market
4.2.1 Green-e Certification and the Center for Resource Solutions
4.2.2 The Green Power Partnership
5. Regional Tracking Registries
5.1 Introduction to Tracking Systems
5.2 WREGIS
5.3 M-RETS
5.4 ERCOT
Renewable Energy Certificates Page 2/6

3. Find Industry reports, Company profiles
ReportLinker and Market Statistics
5.5 NARR
5.6 NEPOOL-GIS
5.7 PJM-GATS
5.8 MIRECS, NYSERDA, and North Carolina Renewable Tracking System
6. Pricing of Renewable Energy Certificates
6.1 Introduction to REC Pricing
6.2 Pricing in the Compliance Market
6.3 REC Pricing in the Voluntary Market
7. International REC Markets
7.1 Australia
7.2 Canada
7.3 Europe
8. REC Market Issues and Challenges
9. Market Forecasts
9.1 Introduction to Market Forecasts
9.2 Voluntary Market Forecast
9.2.1 Stagnant Economy Scenario
9.2.2 GDP Growth Scenario
9.3 Compliance Market Forecast
9.3.1 Washington Turns Green Scenario
9.3.2 Stalemate in Washington Scenario
10. Company Directory
10.1 Consumer Protection/Tracking
10.2 Brokers
10.3 Retail, Wholesale/Commercial
10.4 Information Sources
11. Acronym and Abbreviation List
12. Table of Contents
13. Table of Figures
14. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
United States Energy Supply by Resource
Annual Renewable Energy Production and Consumption: 2001-2008
States Adopting Renewable Portfolio Standards, United States: 1983-2009
Number of New Green Power Partnerships by Year: 2005-2009
Sample Renewable Energy Certificate Prices: 2009
Renewable Energy Resource Abundance Maps
REC and Electricity Pathway Split
Market Drivers of Renewable Energy Certificates
Map of State Renewable Portfolio Standard Requirements and Voluntary Goals
Green-e Logo
Map of Regional REC Tracking Registries
Solar Renewable Energy Certificate Markets and Trade Eligibility
List of Tables
Levelized Cost of Energy
Renewable Energy Certificate Market Size, United States: 2004 and 2010
Renewable Energy Certificates Page 3/6

4. Find Industry reports, Company profiles
ReportLinker and Market Statistics
REC Retailers and Products
State Renewable Portfolio Standard Requirements
Estimated Annual REC Sales (Millions of kWh): 2005-2008
Minimum Green-e Commitment Requirement for General Usage Claims
Green Power Partnership Membership Requirements
Top 20 Green Power Partners
Tracking Registry Account Holders
Comparisons of Existing APX Environmental Technology Deployments
State Geographic Eligibility for Renewable Energy Certificate Trading
State Renewable Portfolio Standards Alternative Compliance Payment
Canada's Renewable Energy Target Initiatives
Renewable Energy Certificate Compliance Market Forecast, United States: 2011-2015
Renewable Energy Certificates Page 4/6

5. Find Industry reports, Company profiles
ReportLinker and Market Statistics
Fax Order Form
To place an order via fax simply print this form, fill in the information below and fax the completed form to:
Europe, Middle East and Africa : + 33 4 37 37 15 56
Asia, Oceania and America : + 1 (805) 617 17 93
If you have any questions please visit http://www.reportlinker.com/notify/contact
Order Information
Please verify that the product information is correct and select the format(s) you require.
Renewable Energy Certificates
Product Formats
Please select the product formats and the quantity you require.
1 User License--USD 3 500.00 Quantity: _____
Corporate License--USD 8 715.00 Quantity: _____
Contact Information
Please enter all the information below in BLOCK CAPITALS
Title: Mr Mrs Dr Miss Ms Prof
First Name: _____________________________ Last Name: __________________________________
Email Address: __________________________________________________________________________
Job Title: __________________________________________________________________________
Organization: __________________________________________________________________________
Address: __________________________________________________________________________
City: __________________________________________________________________________
Postal / Zip Code: __________________________________________________________________________
Country: __________________________________________________________________________
Phone Number: __________________________________________________________________________
Fax Number: __________________________________________________________________________
Renewable Energy Certificates Page 5/6

6. Find Industry reports, Company profiles
ReportLinker and Market Statistics
Payment Information
Please indicate the payment method, you would like to use by selecting the appropriate box.
Payment by credit card Card Number: ______________________________________________
Expiry Date __________ / _________
CVV Number _____________________
Card Type (ex: Visa, Amex…) _________________________________
Payment by wire transfer Crédit Mutuel
RIB : 10278 07314 00020257701 89
BIC : CMCIFR2A
IBAN : FR76 1027 8073 1400 0202 5770 189
Payment by check UBIQUICK SAS
16 rue Grenette – 69002 LYON, FRANCE
Customer signature:
Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at
http://www.reportlinker.com/index/terms
Please fax this form to:
Europe, Middle East and Africa : + 33 4 37 37 15 56
Asia, Oceania and America : + 1 (805) 617 17 93
Renewable Energy Certificates Page 6/6