Energy Attribute Certificates (EACs) are a broader term encompassing various types of certificates that verify the environmental attributes of renewable electricity generation. It is the only digital instrument that verifies that one megawatt-hour of energy was generated and entered the transmission system from an eligible renewable source. Eligible renewable sources are solar power, hydro power, wind power, biomass, and more. It allows tracking of the production, trade, consumption of renewable energy and most importantly allows companies to claim environmental benefits.
Companies can tailor solutions by considering location, generation source, power plant age, electricity vintage, and other factors. These factors, along with the timing of purchases, can influence price variations.
Many organizations look into energy attribute certificates because they:
- Reduce Scope 2 emissions: EACs report Scope 2 emissions reduction, complying with Greenhouse Gas Protocol Scope 2 Guidance.
- Easy to procure: Procuring EACs is simple, without the need to change your physical power provider.
- Affordability: No high commitments or costs, unlike Power Purchase Agreements or on-site generation.
- Strengthen your reputation: Improve sustainability by reducing Scope 2 emissions, meeting CDP climate change and RE100 goals for a decarbonized economy.
EACs play a significant role in supporting and promoting the growth of renewable energy and emission reduction initiatives. They create a market for these attributes and encourage investment in cleaner energy generation.
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