DEEP: Low and Zero Emissions Renewable Energy Credits (LREC/ZREC)

Siting Clean Energy on Connecticut Brownfields
Low-Emission Renewable Energy Credits (LREC) and Zero-Emission Renewable Energy Credits (ZREC)
 
{Photo of solar panels and windmill} {Photo of Plainfield Renewable Energy biomass power plant on former Gallup} {Photo of windmill}  
 
The Low and Zero Emissions Renewable Energy Credit Program (LREC/ZREC) requires Eversource  and The United Illuminating Company to procure Class I renewable energy credits (RECs) (as defined in CGS 16-1(a)(26) and CGS 16-245a(b)) under 15-year contracts with owners or developers of renewable energy projects in Connecticut pursuant to CGS 16-244(r), 16-244(s) and 16-244(t).  Siting renewable energy, such as wind and solar, on brownfields may be particularly attractive.  For example, wind power siting may require a larger sized site and solar power is ideally sited in a large flat location that allows panels to be angled to capture the most sunlight; solutions and benefits that brownfields may provide.
 
The LREC/ZREC program will run for a six year period, during which developers can sell electricity from qualifying projects of Class I RECs to the utilities at a fixed price for a period of 15 years.  At the end of the program the utilities are required to purchase $1.02 billion of RECs directly from customers, site owners and/or developers of clean energy projects. Of that amount, $300 million is to be spent on LRECs, and $720 million is to be spent on ZRECs.
 
For more information on the LREC/ZREC Program, and to download and view program documents, please visit either Eversource's or UI's webpages.
 
Content last updated on March 7, 2016.