What are renewable energy certificates (RECs)? Will SP Group be offering RECs to residents in Tengah?
RECs are tradable market-based instruments associated with renewable energy generation used by organisations and individuals to validate their claim of renewable energy use.
Each REC is estimated to be equivalent to 1 megawatt-hour of electricity generated from a renewable source and is recognized by globally recognized standards, such as the International REC (I-REC) Standard.
SP Group is authorised by the I-REC Standard as the exclusive issuer of I-RECs in Singapore. We will be offering homeowners and individuals the ability to purchase RECs as part of the SP Utilities App.
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