SRP REC Select™
What’s a REC?
One REC represents 1 megawatt-hour (MWh) of renewable energy generated and delivered to the grid. By purchasing RECs, businesses have the exclusive claim of the carbon-free power delivered by the renewable generation.
How the program works
With this program, SRP handles all of the back-end details, making it simple for your business to purchase RECs and support clean energy.
Your business chooses the subscription type and quantity of RECs. |
SRP purchases RECs from a third-party supplier under the SRP REC Select program. |
REC costs are conveniently added to your monthly bill, which may have budgeting advantages. |
Your business has exclusive claim to RECs by participating in the program. |
You will receive an annual report detailing your participation in SRP’s renewable energy programs. |
The program is only a one-year commitment with an annual enrollment period. |
Subscription options
When purchasing RECs, you can choose from two subscription options: solar and wind or carbon-free.
| Solar and Wind | Carbon-free | |
| Technology | Solar and wind | Large hydro, wind and solar |
| Region | North America | North America |
| Resource Vintage | Newer resources (<15 years old) | Older resources |
| REC Vintage | No older than nine months prior to billing month | No older than nine months prior to billing month |
| Certification | None | None |
| Program REC Cap* | 1,000,000 MWh | 1,000,000 MWh |
| Cost and availability | Dependent on market conditions during annual program enrollment period | Dependent on market conditions during annual program enrollment period |
| Taxable | Yes | Yes |
*Individual customer caps may also be applied.
How to enroll
Enrollment begins soon. Pricing for each option will be available during the program enrollment period starting in early March of each year. Subscription option variables will include:
- Program REC caps
- Customer min./max. subscription levels
- Carbon-free percentage target
- Pricing
Contact your Strategic Energy Manager (SEM) to learn more or request your contract. You can also call us at (602) 236-8833 or email [email protected].
Frequently asked questions
SRP partners with large industry-leading renewable energy commodities suppliers to purchase North American RECs for the program.
Pricing will be market-based with a firm price per REC as indicated during the customer enrollment process and will be fixed for the full program year. Pricing includes a small SRP administrative fee as well as the REC price from the commodities supplier and will be subject to applicable tax rates.
- Customers must meet the minimum annual usage requirement of 750,000-plus kilowatt-hours.
- Program participation requires execution of a Participation Agreement during the annual enrollment period.
- Customers can select up to 50 accounts to evenly distribute the annual program costs.
- Annual usage requirements and account enrollments must adhere to the Energy Attribute Certificate Rider.
- Minimum REC purchase of 100 RECs per customer for the program year.
The program is limited to the quantity of RECs established at the beginning of each program year. Considerations are made regarding customer interest and the REC market's ability to support program demand without inflating prices.
There is a one-year commitment with an annual renewal option during the enrollment period. Customers can enroll in the program only during the open enrollment period. Enrollment is open from March to April of each year.
RELATED TOPICS
Sustainability at SRP
The future of our water and power resources depends on the actions we take today. See how we’re working toward a sustainable future.
Solar energy: SRP’s commitment to the future | SRP
SRP's solar energy program works hard to deliver sustainable power. Learn about our plan to cut carbon emissions and advance solar energy in Arizona.
SRP Solar Choice Select, utility-scale solar for business
SRP Solar Choice Select, designed for larger businesses lets you offset up to 20% of your business’s energy usage with utility-scale solar.
