Five Providers of Green Tags Receive Green-E Certification

Thanks to the growing availability of Tradable Renewable Certificates (TRCs) or “Green Tags,” green energy choice is a reality for millions from Washington state to Rhode Island.

SAN FRANCISCO, California – May 13, 2002 [SolarAccess.com] The Center for Resource Solutions (CRS) has announced that five providers of TRCs have earned Green-e certification. Customers purchasing Green Tags from these five providers have an independent assurance that their purchase supports generation from high-quality newly developed Renewable Energy plants. Green-e will introduce TRCs and these certified marketers to the country at a press conference on May 23 in Washington, D.C. Currently, green power is only available to roughly one third of U.S. electricity consumers through competitive power markets and utility green pricing programs. Green Tags make it possible for all Americans to support Renewable Energy, regardless of whether their state is deregulating its energy markets. Five different Green-e certified TRC providers are helping to bring new Renewable Energy plants online in the Northeast, Mid Atlantic, Great Plains, Texas, Pacific Northwest and California. “We decided to purchase Green Tags to offset our greenhouse gas emissions for three of our store locations in Rhode Island,” said Kathleen Loftus of Shaw’s Supermarkets. “Since the product is Green-e certified, Shaw’s feels confident our purchase makes a difference in the air we breathe.” “Through the purchase of TRC products, consumers help reduce our nation’s dependence on fossil fuels to produce electricity and contribute to the reduction of air emissions,” said Jan Hamrin, Executive Director of CRS. “When TRC products are Green-e certified, consumers can be confident they are receiving the environmental benefits of green power as well as helping to expand the market for clean Renewable Energy.” TRCs are created when Renewable Energy is substituted for traditional power. TRCs represent added benefits and costs of renewable generation and are purchased in addition to the electricity that most consumers now use. Green Tags provide a way to buy and sell the environmental attributes of renewable generation separately from the electricity generated. Green Tags help overcome the obstacle of delivering the benefits of Renewable Energy to customers who are typically far from generating plants. The purchaser of a Green Tag is the sole “owner” of the environmental attributes of a specific megawatt hour (MWh) of energy added to the grid. Independent verification ensures that no two Green Tags represent the same MWh of energy. “TRC markets mean Renewable Energy developers can find the best customers for their products regardless of where the actual generating facility is located,” said Karl R. Rabago, chair of the Green-e Green Power Board that oversees the certification program. “Green-e certification means customers will have more choices of high-quality projects and products they can choose to support. The combination of these benefits will greatly increase liquidity in Renewable Energy markets and can be the catalyst for a huge expansion in Renewable Energy development.” Since 1997, Green-e has served as a nationally recognized tool to help consumers identify environmentally superior renewable energy offerings. Green-e is a voluntary certification program for Renewable Energy products sold in competitive retail electricity markets, regulated markets, and nationwide through Tradable Renewable Certificates. To earn Green-e certification, a TRC product must originate entirely from new renewable facilities that generate energy from the sun, the wind, the heat of the Earth, low-impact hydropower, biogas, or biofuels. Certified providers undergo an annual verification process audit to document that the company purchased enough quantity and type of renewable certificates to meet customer demand and marketing claims. Each certified provider also agrees to abide by the Green-e Code of Conduct and to submit marketing materials to CRS to meet Green-e disclosure and truth-in-advertising requirements.
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