N.J. Admin. Code § 14:8-10.6

Current through Register Vol. 56, No. 21, November 4, 2024

Section 14:8-10.6 - Mechanism for creation of TRECs

(a) TRECs shall be created in the same manner in which SRECs are created pursuant to N.J.A.C. 14:8-2.4 and 2.9, which is based upon metered generation supplied to GATS by the owners of eligible facilities or their agents.

(b) One TREC shall be created for each mega-watt hour (MWh) of eligible electricity produced from a TI-Eligible Project. A TREC created for eligible electricity shall not be used for a purpose other than satisfying the TI-RPS and upon retirement the reduction in the Class I obligation of a TPS/BGS provider.

(c) All solar electricity must be metered using an ANSI c-12 certified meter consistent with the provisions governing SREC creation at N.J.A.C. 14:8-2.9(c)1 and 2.

(d) A TREC may be redeemed in GATS in the energy year in which the electricity was produced or in the following energy year.

(e) Electricity generated by an eligible facility more than two years before it is entered into the GATS system, shall not be eligible for a TREC, but is eligible to create a New Jersey Class I REC.

(f) A TI-Eligible Project shall be eligible to generate TRECs for 15 years following the date of commencement of commercial operation (the TREC Qualification Life).

(g) Qualified projects may be eligible for a New Jersey Class I REC at the conclusion of the 15-year TREC Qualification Life.

N.J. Admin. Code § 14:8-10.6

Adopted by 52 N.J.R. 1850(a), effective 10/5/2020