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Choose Your State of Service

In order to serve you better, please select your Dominion Energy location services.

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Renewable energy certificates (RECs), sometimes referred to as renewable energy credits, are electronic certificates that identify characteristics of renewable energy generation, such as generator location, fuel source (e.g., solar), and the date the generator went online. RECs are commonly traded in compliance markets in states that have Renewable Portfolio Standards (RPS) programs.

Currently net metering customers have the ability to sell their RECs either on the open market or request that Dominion Energy purchase their RECs. The PJM-EIS' Generation Attribute Tracking System (GATS) offers the platform to buy and sell renewable energy certificates - each represents one megawatt-hour of electricity produced.

Open Market

  • Work with an aggregator or broker to either purchase the RECs directly, or to assist the REC owner in finding a buyer.
  • Use an auction or exchange platform to sell RECs.

DE Purchase

Per the Net Metering Terms and Conditions (T&C), XXV.H.2-3, the Company is obligated to purchase the Customer's RECs only the following occur:

  1. The Customer signs a power purchase agreement with the Company;
  2. At the time the power purchase agreement is signed - the Customer exercises their one-time option to include a provision in the power purchase agreement that requires the Company to purchase all generated RECs over the duration of the power purchase agreement;
  3. All necessary Company owned metering equipment has been installed.

Steps for DE to purchase NM RECs

  1. Request a PPA including REC Purchase from Dominion Energy by either calling the DE Customer Support Line at 866-366-4357 or emailing the net metering team.
  2. Complete the PPA Form and PJM Consent Form sent to you from DE.
  3. Meter upgrade/addition based on type of REC purchase request: Total Generation or Excess Generation
    1. Total Generation: customer will install new DE approved meter base for DE received only meter to capture generation from solar array. Go to a local DE office, at the gate, use the phone to request a meter base. Have your new meter base wired as shown in Figure 1.
    2. Excess Generation: exchange existing meter for bi-directional interval meter (if not already installed).
  4. DE to register RECs
  5. Customer is paid out yearly at annual review period. Customer chooses either bill credit or check for payment.

FAQs

Renewable Energy Certificates (RECs) are a market-based instrument that certifies the bearer owns one megawatt-hour (MWh) of electricity generated from a renewable energy resource.

Per the net metering T&Cs, for each whole REC that the Company is obligated to purchase from the Customer, the Company will pay the Customer the daily unweighted average for the CR component, as described in Paragraph IV of the Company's Rider G - Renewable Energy Program, which applies during the time period for which Excess Generation is determined. Currently this equates to $10 per REC.

The Company will purchase the generated RECs associated with the total generation, or excess generation, over the Net Metering Period, in accordance with the power purchase agreement. This means, customers get paid once a year at your annual review.

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