Green Energy In New York
According to New York’s Climate Leadership and Community Protection Act (Climate Act), the state is targeting 70% renewable energy by 2030 and 100% zero-emission electricity by 2040. On page 110 of the New York ISO Load and Capacity Data, you can view New York’s electricity sources broken down by fuel type as of 2021. Notice renewable resources such as hydro, wind and solar, only comprise 28% of New York’s energy production. Visit https://climate.ny.gov/ for more information.
Source: New York ISO 2022 Load and Capacity Data Gold Book, pg. 110
How Can I Help Support Green Energy in New York?
One way to support Green Energy is to purchase Renewable Energy Certificates also known as Renewable Energy Credits or “RECs.”
RECs represent the amount of energy generated by renewable energy sources. For example, one REC is produced when a renewable energy source (i.e. a wind farm) generates one megawatt-hour (MWh) of electricity. So if a wind farm produces 3 MWh of electricity, they have 3 RECs available to sell.
When you enroll in a Green Energy plan with Marathon, RECs are purchased – ensuring that renewable energy sources from New York renewable generators are being put onto the grid on your behalf. The purchase of RECs supports local green energy today and encourages the generation of more green energy tomorrow – investing in the move towards a cleaner greener future for New York.
For New York customers, the renewable mix provided under your agreement must be at least 50% greater than the applicable Renewable Energy Standard (RES) obligation for the current year. In order to satisfy the terms of your contract, RECs must be purchased from eligible renewable generators through New York Generation Attribute Tracking System (NYGATS); by purchasing Tier 1 RECs from New York State Energy Research and Development Authority (NYSERDA); by procuring RECs from eligible renewable generators through bilateral contracts; by entering into bundled energy and REC purchase agreements with eligible renewable generators; or by making Alternative Compliance Payments to NYSERDA.
Green energy can offer a variety of environmental and economic benefits. Invest in green sustainable energy today for a cleaner greener tomorrow.
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