New Jersey Administrative Code
Title 14 - PUBLIC UTILITIES
Chapter 8 - RENEWABLE ENERGY AND ENERGY EFFICIENCY
Subchapter 2 - RENEWABLE PORTFOLIO STANDARDS
Section 14:8-2.8 - Using RECs, SRECs, TRECs, and ORECs for RPS compliance

Universal Citation: NJ Admin Code 14:8-2.8

Current through Register Vol. 56, No. 6, March 18, 2024

(a) An REC, SREC, TREC, or OREC shall be used to meet New Jersey RPS requirements for specific energy years, based on the type of renewable energy upon which the REC, SREC, TREC, or OREC is based, and the energy year during which the renewable energy was generated, as follows:

1. A class I REC based on energy generated on or after July 1, 2010, an SREC based on energy generated on or after July 1, 2010 but before July 23, 2012, or an OREC based on energy generated on or after July 23, 2012, shall be used to comply with RPS requirements for any one of the following three energy years:
i. The energy year in which the underlying energy was generated; or

ii. Either of the two energy years immediately following the energy year in which the underlying energy was generated;

2. A class II REC shall be used only to comply with the RPS requirements for the energy year during which the underlying energy was generated;

3. An SREC based on energy generated on or after July 23, 2012, shall be used to comply with RPS requirements for any of the following energy year periods:
i. The energy year in which the underlying energy was generated; or

ii. Any of the four energy years immediately following the energy year in which the underlying energy was generated; and

4. A TREC shall be used to comply with RPS requirements for one of two energy year periods:
i. The energy year in which the underlying energy was generated; or

ii. The energy year following the energy year in which the underlying energy was generated.

(b) Once a REC, SREC, or TREC has been used for compliance with this subchapter, the REC, SREC, or TREC shall be permanently retired and shall not be used again.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.