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Regulator Denies Retail Supplier's Request To Transfer RECs For RPS Compliance
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The Connecticut PURA denied a request from Eligo Energy CT, LLC which had sought a statement in writing from PURA that the Authority will accept RECs generated in the calendar year 2024 (the 2024 RECs) towards the Connecticut RPS compliance requirements for the compliance year 2025
As summarized by PURA, "The Company requests that the Authority approve the post-closing transfer of the 2024 RECs, which are currently Unsettled Certificates in the Company’s Residual Mix, to the Company’s Connecticut account to be used for compliance with Connecticut RPS obligations in calendar year 2025."
Eligo in its original request had stated, "Eligo makes this request pursuant to the New England Power Pool ('NEPOOL') Generation Information System ('GIS') Operating Rules ('Operating Rules'), Rule 3.8(d). Eligo has spoken to NEPOOL and the APX Administrator, in charge of managing the GIS system, and has received approval to make a post-closing account adjustment of these 2024 RECs in order to apply them to the 2025 compliance year. These post-closing adjustments will result in the 2024 RECs appearing in the My Settled Certificate Disposition Report issued by NEPOOL GIS and to be submitted to the Authority by Eligo on October 15, 2026 for 2025 compliance. All accounting and tracking will be done through NEPOOL, with the 2024 RECs reflecting a 2024 generation date and 2025 settlement date. NEPOOL and the APX Administrator have requested only that the Authority provide notification of its consent for Eligo and APX to proceed with this transfer under Rule 3.8(d)(ii)."
Rule 3.8(d)(ii), which sets forth the requirements for such transfers, allows state regulators to require that the regulator must approve any such transfer in order for the transfer to be executed
Eligo has said that the relevant RECs meet the other requirements for a transfer under Rule 3.8(d), with Eligo stating, "The last, and only remaining requirement is for Eligo to receive the Authority’s approval, in writing, to allow the post-close transfer to occur."
As alternative relief, Eligo requested that the Authority withdraw its notification to NEPOOL which provides that Rule 3.8(d) requests require direct approval by the Authority ("NEPOOL notification requirement")
See full background here
PURA declined to grant Eligo's request that the Authority approve the use of the 2024 RECs for compliance with RPS obligations in calendar year 2025. PURA also denied Eligo's alternative request that PURA rescind the Authority’s NEPOOL notification requirement.
PURA stated, "PURA Both the 2020 Precedent and Conn. Agencies Regs. § 16-245a-1(c) explicitly prohibit the Authority from
entertaining requests to reallocate RECs. Further, in order for RECs to be eligible for Connecticut RPS compliance, an electric supplier or EDC is required to settle all RECs in the Connecticut subaccount in NEPOOL GIS by the last day of the applicable trading period. Decision, May 13, 2026, Docket No. 25-06-01, Annual Review of Connecticut’s Electric Suppliers’ and Electric Distribution Companies’ Compliance with Connecticut’s Renewable Energy Portfolio Standards in the Year 2024, p. 5. For calendar year 2024 RPS compliance, the last day for electric suppliers and EDCs to acquire, transfer, and settle RECs was June 15, 2025."
PURA's ruling contains captions indicating that the ruling was docketed in Docket No. 16-09-07 and Docket No. 26-06-01
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July 22, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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