PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: The McGraw-Hill Companies, Inc.

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Platts Launches 17 Weekly Renewable Energy Certificates Assessments - Pricing transparency helps electricity industry value renewable energy - /
Platts Launches 17 Weekly Renewable Energy Certificates Assessments


NewswireToday - /newswire/ - Washington, DC, United States, 2012/04/18 - Pricing transparency helps electricity industry value renewable energy - / NYSE: MHP; NYSE: MHFI

Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Platts, a leading global energy, petrochemical and metals information and benchmark price references provider, today said it has launched weekly price assessments for renewable energy certificates (RECs) covering 15 compliance products in use in eight US states where renewable portfolio standards (RPS) have been mandated by state governments. Platts is also providing assessments for two voluntary products.

A REC represents the environmental attributes of a megawatt-hour (MWh) of electricity from a renewable energy facility, such as wind, solar or geothermal. They’ve become a tradable commodity used by load-serving entities to comply with states’ renewable portfolio standards that require a specified portion of power to be sourced from a renewable energy generator. Some 29 states and the District of Columbia currently have such mandates.

“A renewable portfolio standard is the most widespread policy concept for encouraging the growth of renewable energy in the United States. And we’re pleased to put our long experience in price discovery to work for this emerging market and shed light on the value of the corresponding renewable energy certificates,” said Mike Wilczek, Platts senior managing editor, North American power and gas.

While RECs have no inherent value, unlike physical energy commodities such as coal and natural gas, their value follows the models of popular environmental products such as carbon dioxide allowances, carbon offsets, renewable identification numbers and sulfur dioxide/nitrogen oxide permits, which also got their start from the industry’s need to comply with state or federal environmental regulations.

Platts’ new weekly REC assessments include 15 different products eligible in eight states: California, Connecticut, Maryland, Massachusetts, New Jersey, Ohio, Pennsylvania and Texas. The REC products are broken out into categories for “solar technology” and “top-tier” renewable facilities. Platts also assesses a pair of Green-e certified REC products commonly used in the voluntary market.

“Our aim is to provide the industry with all the REC pricing and information it needs in one place,” said Geoffrey Craig, Platts associate editor, power. “The need for price assessments, market commentary and news can only increase as the market deepens, widens and matures.”

The US REC market is seen growing in size from 133 million megawatts per hour in 2011, an increase of more than 20% from decade-ago levels, to 210 million MWh by 2015.

To accompany its new assessments announcement, Platts has just released this April 2012 Special Report explaining the fundamentals behind the REC market and a fact sheet on Platts US REC assessments.

For greater detail on the calculations for the new assessments, see Platts’ methodology and specifications guidelines for U.S. renewable energy certificates, which were developed in consultation with a cross-section of power industry and market participants.

Quoted in US dollars per MWh, the weekly Platts RECs reflect market values as of Thursday at 2:30 pm. Eastern time and are published every Thursday in real-time service Platts Electricity Alert, Platts Market Center, Platts Market Data and on Friday in the newsletter Platts Megawatt Daily. Platts has published energy news, markets fundamentals and price assessments for more than a century.

About Platts
Founded in 1909, Platts ( is a leading global provider of energy, petrochemicals and metals information and a premier source of benchmark prices for those markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in 150 countries benefit from Platts’ coverage of the oil, petrochemicals, natural gas, electricity, coal, nuclear power, shipping, and metals markets. A division of The McGraw-Hill Companies, Platts has approximately 900 employees in more than 15 offices worldwide.

About The McGraw-Hill Companies
McGraw-Hill ( announced on September 12, 2011, its intention to separate into two public companies: McGraw-Hill Financial, a leading provider of content and analytics to global financial markets, and McGraw-Hill Education, a leading education company focused on digital learning and education services worldwide. McGraw-Hill Financial's leading brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Indices, Platts energy information services and J.D. Power and Associates. With sales of $6.2 billion in 2010, the Corporation has approximately 21,000 employees across more than 280 offices in 40 countries.

Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: The McGraw-Hill Companies, Inc.


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!

Platts Launches 17 Weekly Renewable Energy Certificates Assessments

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Publisher Contact: Kathleen Tanzy - 
212-904-2860 kathleen_tanzy[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any The McGraw-Hill Companies, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From The McGraw-Hill Companies, Inc. / Company Profile

Read Energy Most Recent Related Newswires:

Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet
GNF3 Fuel Product Completes U.S. NRC Approved Process for New Fuel Product Introductions
Surging Demand from Data Centres Energises European Diesel Genset Market Finds Frost & Sullivan
Mexican Ministry of Energy Awards Three Geothermal Exploration Permits - A Key Step Forward for ENGIE and Reykjavik Geothermal
Forestalia Selects GE Renewable Energy to Provide 1,200 MW of Wind Power in the Largest European Auction to Date
Enel Launches E-Solutions - A New Global Business Line
Enel Buys A Stand-alone Battery Energy Storage Project in UK
GE Supports Power Grids of the Future with Europe’s First MVDC Link
ENGIE Launches Home Energy Business in the UK
Akenerji Selects GE’s Predix-based Operations Optimization Software to Improve Gas Thermal Plant Efficiencies and Performance
Enel Starts Construction of New 298 MW Wind Project in The United States
OPEC and Non-OPEC Nations Will Reduce Oil & Gas Production to Restore Supply-Demand Parity Finds Frost & Sullivan
ENGIE and AES Agree to Expand their LNG Marketing Partnership to Central America
GE to Supply Power Generation Technology for Ghana’s 400 MW Bridge Power Project
Enel Starts Operating New South African Wind Farm

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  Explorers Vacation Club

Visit  La Bella Bakery Artisan Bakery Arizona

  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (