N.J. Admin. Code § 14:8-2.8

Current through Register Vol. 56, No. 21, November 4, 2024

Section 14:8-2.8 - Using RECs, SRECs, TRECs, and ORECs for RPS compliance

(a) An REC, SREC, TREC, or OREC shall be used to meet New Jersey RPS requirements for specific energy years, based on the type of renewable energy upon which the REC, SREC, TREC, or OREC is based, and the energy year during which the renewable energy was generated, as follows:

1. A class I REC based on energy generated on or after July 1, 2010, an SREC based on energy generated on or after July 1, 2010 but before July 23, 2012, or an OREC based on energy generated on or after July 23, 2012, shall be used to comply with RPS requirements for any one of the following three energy years:

i. The energy year in which the underlying energy was generated; or

ii. Either of the two energy years immediately following the energy year in which the underlying energy was generated;

2. A class II REC shall be used only to comply with the RPS requirements for the energy year during which the underlying energy was generated;

3. An SREC based on energy generated on or after July 23, 2012, shall be used to comply with RPS requirements for any of the following energy year periods:

i. The energy year in which the underlying energy was generated; or

ii. Any of the four energy years immediately following the energy year in which the underlying energy was generated; and

4. A TREC shall be used to comply with RPS requirements for one of two energy year periods:

i. The energy year in which the underlying energy was generated; or

ii. The energy year following the energy year in which the underlying energy was generated.

(b) Once a REC, SREC, or TREC has been used for compliance with this subchapter, the REC, SREC, or TREC shall be permanently retired and shall not be used again.

N.J. Admin. Code § 14:8-2.8

New Rule, R.2004 d.151, effective 4/19/2004.
See: 35 N.J.R. 4445(a), 36 N.J.R. 2053(b).
Former N.J.A.C. 14:4-8.8, Penalties, recodified to N.J.A.C. 14:4-8.12.
Amended by R.2005 d.87, effective 3/7/2005.
See: 36 N.J.R. 1892(a), 37 N.J.R. 787(a).
In (c), rewrote the second sentence.
Recodified from N.J.A.C. 14:4-8.8 and amended by R.2006 d.178, effective 5/15/2006.
See: 37 N.J.R. 3911(a), 38 N.J.R. 2176(a).
Changed internal references to conform to the recodification of provisions; rewrote (a), (b) and (c); inserted present (d); and recodified former (d) as (e).
Special amendment, R.2008 d.175, effective 5/23/2008 (to expire November 23, 2009).
See: 40 N.J.R. 3751(a).
In (c)1, deleted "solar REC or" preceding "class"; added new (c)2; and recodified former (c)2 and (c)3 as (c)3 and (c)4.
Amended by R.2009 d.91, effective 3/16/2009.
See: 40 N.J.R. 3586(a), 41 N.J.R. 1261(a).
Rewrote (b); in the introductory paragraph of (c), substituted "An" for "A"; and incorporated the special amendments previously adopted as R.2008 d.175.
Public Notice.
See: 41 N.J.R. 1532(b).
Amended by R.2012 d.107, effective 6/4/2012.
See: 43 N.J.R. 1162(a), 44 N.J.R. 1703(a).
Section was "Renewable Energy Certificates (RECs)". Deleted former (a) through (d); added new (a); recodified former (e) as (b); and rewrote (b).
Amended by R.2014 d.048, effective 3/17/2014.
See: 45 N.J.R. 455(a), 46 N.J.R. 549(a).
Section was "Using RECs and SRECs for RPS compliance". Rewrote (a).

Amended by 52 N.J.R. 1850(a), effective 10/5/2020