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Frequently Asked Questions - #16

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FAQ-16

Can we use Transition Renewable Energy Credits (“TRECs”) from the Transition Incentive Program to meet our Solar RPS obligations or our Class I RPS obligations?


Please see FAQ-9.  Load Serving Entities (“LSEs”) in New Jersey are responsible for meeting TREC obligations; however, LSEs (including BGS suppliers) are not responsible for purchasing TRECs to satisfy TREC obligations.  In its December 6, 2019 Order, the New Jersey Board of Public Utilities (“Board”) directed the EDCs to work with Board Staff to jointly procure a TREC Administrator. The Board further ordered the EDCs’ TREC Administrator to use the GATS system to purchase all TRECs produced each year by eligible projects and then to allocate TRECs to Load Serving Entities (“LSEs”) based on market share of retail sales for retirement within the GATS system as part of the annual RPS compliance process.

The TI-RPS is a separate obligation from the solar RPS obligations under New Jersey’s RPS and cannot be used to fulfill a BGS Supplier’s solar RPS obligations.  However, the TI-RPS is a carve-out to the existing Class I REC requirement, meaning that TRECs reduce the amount of Class I RECs required on a one-to-one basis. 

New Jersey’s Clean Energy Program provides FAQs regarding New Jersey’s Transition Incentive Program here



8/12/2021, in Supplier Master Agreement .

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