In today’s REC markets, there is unnecessary complexity and data challenges. The market lacks transparency, and comes with it the friction of having to manage all of the REC procurement processes such as counterparty KYC, contracting, payment and settlement processes manually. 

Renewable energy generators lack price transparency and can spend weeks supporting the REC sales process, while Businesses and Corporations may need to go through market intermediaries to buy RECs as in most cases they are unlikely to have a direct relationship with renewable energy generators or their own registry accounts to buy and retire RECs. Brokers and traders who undertake a significant amount of REC transactions in the market also need a more efficient way to trade and report on behalf of their customers as well as enhance their data management and collection processes related to their REC trading portfolio. 

Powerledger’s TraceX offers an efficient, transparent, and economical solution for trading RECs, benefiting all stakeholders in the renewable energy sector. TraceX addresses customer’s key pain points, enhances efficiency, and creates value for market participants.