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7) What are Renewable Energy Certificates?


Renewable Energy Certificates (RECs) are an electronic form of currency that has been intiated by the Renewable Energy (Electricity) Act 2000, and is overseen by the Office of Renewable Energy Regulator. All electicity retailers and wholesaler buyers have a legal liability to contribute towards the generation of additioal renewable energy. They meet their legal obligation by acquiring RECs. When you install a solar system you receive RECs, which you then sign over to Clear Energy.


For more information please see the link below.


http://www.orer.gov.au/recs/index.html