Australian energy trading technology firm Power Ledger and Thai company BCPG, a renewable energy business arm of Bangchak Corporation, have jointly launched a new project that will see them set up a marketplace which will allow firms, institutions and individuals across Southeast Asia to sell and purchase renewable energy certificates (RECs). RECs are tradable commodities which represent proof that one megawatt-hour (MWh) of electricity was generated from a renewable energy resource. They solve the conundrum that it is physically impossible to draw only green electricity from the grid, as it blends in with all the other electricity, including that produced from fossil fuels. The creation of RECs enables renewable energy generators to sell electricity at market rates, and the “greenness” in the form of certificates. This supports the renewable energy market while helping companies unable to produce power themselves to meet their clean energy needs and offset their carbon footprint.

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