in News Departments > Products & Technologies
print the content item

Minneapolis-based Xcel Energy has introduced a software application to manage renewable energy credits (REC) for compliance or trading purposes. The system will track RECs throughout the company's eight-state service territory and compile them in a comprehensive database - enabling Xcel Energy to participate in credible and easily audited REC transactions, the company says.

The system tracks vintage, source, type and initial value; uses first-in, first-out accounting; and reduces errors and tracks compliance. Xcel Energy adds that it worked with Pioneer Solutions to develop the new software application.

"This system will ensure we are prepared for increasing environmental regulation and emerging trading markets," says Mike Carlson, chief information officer and vice president of business systems at Xcel Energy. "By taking a comprehensive approach, we will have a complete picture of our entire portfolio at any given time and will be able to better prepare for the future."


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965