California Market Details

Market Overview

The California SREC Market is an open voluntary market where prices are determined by market forces.

In March 2010, the California Public Utilities Commission (CPUC) sanctioned the integration of tradable renewable energy credits (TRECs) within the framework of the California Renewable Portfolio Standard (RPS) program. This decision permits entities obligated to fulfill RPS requirements to acquire RECs independently from the actual renewable energy production. 

In 2015, California broadened the scope and extended the deadlines of its Renewable Portfolio Standard (RPS). The updated RPS mandates that by 2030, renewable energy sources must account for 50% of each utility's retail electricity sales. Further details on SB 350 can be found here.

WREGIS Tracking

The Western Renewable Energy Generation Information System (WREGIS) monitors the renewable energy credit (REC) market in California, issuing WREGIS certificates for each generated REC. These certificates verify adherence to state Renewable Portfolio Standard (RPS) regulations. WREGIS extends its services across 14 states and two provinces in Canada.

Eligibility Start Date

Facilities will be eligible to generate renewable energy credits upon system registration with WREGIS (REC generating and tracking system).

SREC Crash Course: The Basics

Frequently Asked Questions

Payment Options