A Renewable Energy Certificate (REC) is a tradeable, market-based instrument that represents the legal property rights to the non-power environmental attributes of renewable electricity generation.
Renewable Energy Certificates offered with load following conventional energy can be standard or Green-e certified.
(This is the least expensive way for a customer to be 100% renewable.)
(To meet non-specific sustainability claims)
Load following retail contract supplied with 100% renewable energy and associated environmental attributes from location specific pre-existing renewable generation resources.
(This is a bundled product consisting of energy plus environmental attributes from a specific project. This is geared toward very large customers with very specific sustainability claims.)
Normally structured as matching customer load shapes with solar energy during solar producing hours and wind energy for all other hours or any variation that Customers may desire.
This is a subset of the Gold product and works the same way except that it’s based on new renewable resources. New being defined as the project achieving commercial operation after retail contract execution.
This product is for customers seeking to support the development of new renewable resources for more impactful claims. This normally involves a longer-term commitment and bundled energy plus attributes.
Customer volume is shaped and can be matched with Off-Peak wind and On-Peak solar for better market alignment and grid support.
Load following retail contract that provides a single, predictable price per MWh. No complex derivative accounting required.
The program is intended for commercial enterprises requiring at least 10,000 megawatt hours annually. Contract terms are normally longer than 60 months, but we will consider shorter contracts if requested. Industrial customers with lower power needs should consider one of our other off-site commercial offerings.
MP2’s Offsite Renewable Energy Products work with all retail supply structures inclusive of:
MP2 will purchase and retire all Renewable Energy Credits associated with the amount of renewable energy selected by the customer to meet sustainability goals. If project specific, customers can show a regional impact to their power grid.
MP2 can also incorporate a customer’s existing Power Purchase Agreement into a new retail power supply contract.
VPPAs are complex financial agreements; MP2’s simplified retail solution meets clients’ sustainability mandates via a fixed-price, load following, renewable retail contract.
To hear how you can expand your customer base by becoming a solar, storage, or EV installer for MP2, contact us today.