Renewable Energy Certificates (RECs) A Green Parking Council Webinar November 15, 2012

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1 Renewable Energy Certificates (RECs) A Green Parking Council Webinar November 15, 2012

2

3 Blaine Collison Director, Green Power Partnership U.S. Environmental Protection Agency Blaine Collison is the director of the U.S. Environmental Protection Agency s (U.S EPA) Green Power Partnership. Since joining the EPA in 1996, Mr. Collison has managed energy efficiency efforts in new residential construction, consumer product performance labeling, commercial and institutional building management, and galvanized the engagement of institutional investors. Mr. Collison formerly worked as the Associate Director of the Sustainable Buildings Industries Council.

4 Green Power: Opportunities for Parking Facility Owners U.S. EPA s Green Power Partnership Blaine Collison, Program Director Green Parking Council Webinar November 15, :00 p.m. Eastern

5 Partnership Offerings & Benefits Credible Benchmarks Metric for How much green power is enough? Definition of eligible renewables Planning & Implementation Resources Procurement guidance and tools Marketing and communications support Environmental benefits calculator Recognition Top Partner Lists Green Power Leadership Awards Promotional opportunities Use of the Partner logo 5 5

6 +1,300+ Green Power Partners Purchasing +23 Billion kwh/year 6

7 U.S. EPA s Green Power Partnership Voluntary program that supports the Partners procurement of green power by offering expert advice, technical support, tools and resources. Partners agree to procure green power and provide annual update In return, EPA commits to: Provide public recognition Provide procurement and communications assistance, as requested Provide a brief description of the Partner's green power use on EPA s Website If your annual electricity use is Partnership Benchmark You must, at minimum, use this much green power Leadership Benchmark You must, at minimum, use this much green power Over 100,000,000 kwh 3% of your use 30% of your use 10,000, ,000,000 kwh 5% of your use 50% of your use 1,000,001 10,000,000 kwh 10% of your use 100% of your use Under 1,000,000 kwh 20% of your use N/A 7

8 Green Power Procurement Options Renewable Energy Certificates (RECs) The environmental attributes of electricity generated from renewable resources (1 REC = 1 MWh) Attributes are based on the generation technology type and age, geographic location, and time of generation Does not include the underlying electrons unbundled a.k.a. Green Tags, Renewable Energy Credits Green Power Electricity Products Green power offered by utility suppliers that is all, or partially, generated from renewable sources Bundled product that includes both the RECs as well as the underlying electrons On-site Generation Install a renewable energy system on-site (e.g. solar panels, wind turbine) Produces both electricity and RECs from the on-site source Self-financed installation or via a third-party PPA To claim use of green power, host needs REC ownership 8

9 What is a REC? A REC comprises the environmental attributes from 1 MWh of green electricity generation RECs are unique and vintaged and may not be double-counted RECs are functionally the same as utilitydelivered green power 9

10 Value Proposition to Companies Environmental Addresses indirect GHG emissions Potential Electricity Cost Savings and/or Stability Reduce exposure to fossil fuel price volatility Economic Development Job creation On-site installations can spur local economic growth Corporate Image Enhance image Demonstrate environmental leadership Differentiate products/services Improve employee moral Capture Favorable Media Attention 10

11 More on RECs Benefits for Purchaser Availability Even if local power provider has no green power options Flexibility Type of renewable resources Volumes purchased Location of resource Leased space Simplicity for companies with locations across multiple states Blend Resources Wind/ Landfill Gas/ Solar/ Geothermal Local/ National Avoidance of physical supply issues Does not impact contract with current provider Attribute ownership Buyers should specify ownership of attributes in contract 11

12 Want to Know More? Basic Information An overview of Green Power Partnership is available on EPA s Web site To see full details of program requirements, please see: To see EPA s Green Power Purchasing Guide, please visit: To see EPA s Green Power Locator, please visit: More Questions? Blaine Collison, , 12

13 Shay Ohrel Director, Commercial Solutions Green Mountain Energy Company Shay Ohrel joined Green Mountain Energy Company in 2011 as the Director of Commercial Solutions. Mr. Ohrel has years of experience working in areas such as deregulated energy markets, distributed generation, environmental finance, emissions reductions trading, and corporate sustainability consulting. With Green Mountain Energy Company, Mr. Ohrel has concentrated his efforts towards positive ROIs for energy and sustainability solutions, brand differentiation, and active stakeholder engagement.

14 Green Mountain Energy Commercial & Residential Electricity Sales: TX, NY, NJ, PA, IL Founded 1997 Offices in Austin, Houston, Dallas, New York, Philadelphia, & Portland #1 NREL Ranked Green Power Program Unbundled REC & Carbon Sales Nationwide Fully Owned Subsidiary of NRG Energy 14 14

15 REC Valuation Pricing dependent on technology, volumes, tenor, & geographic restrictions 2012 Massachusetts Solar: $200/MWh 2012 National Wind: $1.00/MWh Compliance vs Voluntary Green-E Certified RECs Drive Voluntary Market Purchases 15 15

16 Drivers Internal Sustainability Goals Marketing Initiatives Certifications Long Term Price Hedge (where applicable) Mandates 16 16

17 How to Purchase Bundled Green Power Purchase Deregulated vs Regulated Markets Green Power Programs Streamlined Contracting/Budgeting REC Only Transactions Separates Electricity Purchase from RECs Can Choose Amongst Nationwide Providers Requires 2 Contracts

18 Shay Ohrel

19 Questions?

20 Thank You to our Presenters! Mr. Blaine Collison Mr. Shay Ohrel

21 This webinar and additional supplemental materials will be available at: For more information please contact: Blaine Collison: Shay Ohrel: Suggestions for future webinars? Please

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