The I-REC Standard’s Default Issuer, GCC, has updated their fee structure

Jul 19, 2021

The Green Certificate Company (GCC) certifies renewable energy generation around the world and acts as the default Issuer for I-REC(E). As default Issuer of I-REC(E), they are appointed in the case no other suitable local Issuer can be identified. However, GCC will often be released from their position as the default Issuer if a suitable local alternative is identified.

As part of a desire to support small and distributed technologies, GCC in coordination with the Foundation has updated the fee structure to incentivize small producers to become involved in EAC issuance.  The secondary goal of this is to slowly move away from the incentive for “grouped” registrations which can be harder for both Registrants and Issuers to manage. As part of the updated fee structure, GCC has made costs for devices of less than 250kW free to register if there is access to digital meter information. In the coming six months, due to personnel capacity, all requests for implementing digital meter readings may not be able to be approved as the staff works to ensure registrations of this new method of data delivery meets the quality expectations of the Attribute Tracking Standard. With this updated fee structure GCC and the Foundation are preparing for the market impact of more granular information being made available on the I-REC(E).

These fees will become active for all registrations finalized from August 2021 onwards. You can see the new fee structure here: https://bit.ly/3wPeIxa 

Following the release of this fee structure, the I-REC Standard would like to express the explicit goal of working with other Issuers to implement similar fee structures.

For more information on device registration with GCC, check their Registry User Guide or visit GCC’s website.