474
edits
No edit summary |
No edit summary |
||
Line 1: | Line 1: | ||
Invented by Enron in 1997 to make their acquisition of the Zond wind energy company profitable, renewable energy credits (RECs, called “green | Invented by Enron in 1997 to make their acquisition of the Zond wind energy company profitable, renewable energy credits (RECs, called “green tags” by Enron and “renewables obligation certificates” [ROCs] in many countries) represent the “environmental benefit” of electricity sources deemed to be “green”. They are sold apart from and in addition to the actual energy. | ||
The RECs allow their buyer to claim that their electricity comes from that specific source, even though all sources feed into the vast pool of the [[electrical grid]] and every user on that grid gets their electricity from the same mix of sources. | The RECs allow their buyer to claim that their electricity comes from that specific source, even though all sources feed into the vast pool of the [[electrical grid]] and every user on that grid gets their electricity from the same mix of sources. |