The Western Renewable Energy Generation Information System (WREGIS) has begun using Santa Clara, Calif.-based APX Inc.'s environmental market system to issue, monitor and track renewable energy certificates (RECs) in the western U.S.
‘Oregon continues to be highly supportive of WREGIS as a market-based program that will help us meet our renewable energy mandate,’ says Michael Grainey, director of the Oregon Department of Energy. ‘We are pleased to be the first state with WREGIS-issued certificates. We selected WREGIS to ensure that renewable energy production is properly verified so Oregon utilities can comply with our renewable portfolio standard.’
APX's market platform will serve as the foundation for REC trading across the territory of the Western Electricity Coordinating Council (WECC), which administers WREGIS. Through its web-based system, the APX platform creates, tracks and enables trading of environmental commodities, such as RECs, through a unique, traceable digital certificate issued for every MWh of renewable energy generated by generating units registered with – or imported into – WREGIS.
WECC oversees electric reliability for more than 71 million people in 14 western states, two Canadian provinces and part of Baja, Mexico.