Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 21.00 - Subdivision
Section 21.06 - Use of Energy and RECs Obtained through Long-term Contracts
Universal Citation: 220 MA Code of Regs 220.21
Current through Register 1531, September 27, 2024
(1) After purchasing renewable energy, RECs, or both, a Distribution Company may:
(a) Sell
the energy to its basic service Customers, and retain RECs for the purpose of
meeting the applicable annual RPS requirements.
(b) Sell the energy into the wholesale
electricity spot market, and sell the purchased RECs through a competitive bid
process; or
(c) Select an
alternative approach in accordance with
220
CMR 21.04(5), subject to
review and approval of the Department.
(2) If the Distribution Company sells the energy and RECs as provided in 220 CMR 21.06(1), it shall:
(a) Calculate the net cost of payments made
under the Long-term Contracts against the proceeds obtained from the sale of
energy and RECs;
(b) Credit or
charge all Customers the difference between the contract payments and proceeds
through a uniform, fully-reconciling annual factor in distribution rates,
subject to review and approval by the Department; and
(c) Design a reconciliation process that
allows the Distribution Company to recover all costs incurred under such
contracts, subject to review and approval by the Department.
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