M-RETS Issuing RECs

NAW Staff, Wednesday 24 October 2007 - 10:19:27

The Midwest Renewable Energy Tracking System (M-RETS) is now issuing renewable energy certificates (RECs) and has completed all user-acceptance testing, according to APX Inc., a Santa Clara, Calif.-based technology provider for the renewable energy industry that is implementing the system.

APX technology creates, tracks and enables trading of RECs through a traceable digital certificate issued for every MW of renewable energy by generating units registered with M-RETS or imported into M-RETS. The first RECs under M-RETS were issued on Oct. 15.

Registration continues to be open for power generators, utilities, marketers and qualified reporting entities wishing to participate in the M-RETS market, subject to verification and approval of the M-RETS administrator. M-RETS serves markets in Wisconsin, Minnesota, Iowa, South Dakota, North Dakota and Manitoba.

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