Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 24.00 - Competitively Solicited Long-term Contracts for Clean Energy
Section 24.06 - Use of Renewable Energy and RECs Obtained through Long-term Contracts
Universal Citation: 220 MA Code of Regs 220.24
Current through Register 1531, September 27, 2024
(1) After purchasing energy and RECs, 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; or
(b) Sell the energy into the wholesale
electricity spot market, and sell the purchased RECs attributed to Class I
RPS-eligible resources to minimize costs to ratepayers, provided that a
Distribution Company shall retain RECs that are not attributed to Class I
RPS-eligible resources.
(2) If the Distribution Company sells the energy and RECs as provided in 220 CMR 24.06(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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