Nexus Energy Partners with Green-e to Offer Certified Renewable Energy Option

Highlights :

  • The move seeks to fill the need in the market for credible certification from users, to avoid ‘greenwashing’ from existing projects as well as other such moves .
Nexus Energy Partners with Green-e to Offer Certified Renewable Energy Option

North America based power marketing firm Nexus Energy has announced that it is enhancing its sustainability-focused product offerings to include the Nexus Renewable Energy Certificate (REC) program, certified by the non-profit Center for Resource Solutions’ Green-e Energy program which is a global leader in clean energy certification.

Alvin Tang, CEO, Nexus Energy, said, “Nexus Energy is a purpose-driven company providing products and services that support customers in their transition to net-zero. Nexus Renewable Energy Certificates provide our Ontario-based customers with a simple, affordable and responsible solution to improve their sustainability performance and reduce the environmental impact of their electricity use.”

The official statement by the company held that customers opt-in to the Nexus REC program, and Nexus adds a Renewable Energy Certificate fee to the customer’s electricity bill as part of their ongoing energy charge. The certificate retired on behalf of the customer under the Nexus REC program is Green-e Energy certified.

“As an energy solutions provider, Nexus Energy is taking an important step in offering a renewable, Green-e Energy certified program to its customers,” said Jennifer Martin, executive director of Center for Resource Solutions, which administers the Green-e program. “Their sustainability efforts are giving Canadian industrial and commercial consumers of electricity an option to reduce the impact of their energy use on the environment.”

“The Nexus Renewable Energy Certificate program offers a straightforward and low-cost pathway for customers to improve environmental performance,” said Gary Wight, Director of Origination, Nexus Energy. “Green-e certification has the highest standards in North America for quality and transparency, including maintaining a rigorous chain of custody to ensure customers are getting exactly what they pay for.”

Nexus said that Green-e Energy certifies the majority of the North American voluntary renewable energy market, including 90% of unbundled RECs. The renewable energy that Green‐e Energy certifies undergoes a thorough verification process to ensure that it comes from an eligible source of supply (wind, solar, geothermal, bio-mass or low-impact hydropower that meets the standard); is from new projects; is verified; and has not been double‐counted.

Revenue generated from the purchase of Nexus RECs goes back to the renewable energy generator, thereby incentivizing new renewable development and helping build the market for renewable electricity. Increased demand for, and generation of, renewable electricity contributes to climate change mitigation.

Wight mentioned that there are no extra bills or hidden fees—the customer only pays a REC fee on their electricity bill as part of its ongoing energy charge. Nexus takes care of the entire process, including purchasing and retiring the RECs—meaning that the REC has been used and can no longer be sold—on the customers’ behalf, and provides customers with proof of certification.

“Our partnership with Center for Resource Solutions is one more step we are taking to create stakeholder value while providing sustainable opportunities for customers as they work to reduce their carbon footprint,” said Tang.

Nexus is diverse energy solutions provider working with customers to help them meet their needs. It operates in both the physical and financial markets in Canada and the United States.

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