28.06¢/kWh
Senoko acquires trusted Renewable Energy Certificates (RECs) issued by APXfor carbon-neutral energy from solar farms in Southeast Asia
Representing 100% certified renewable energy source, the RECs are bundled with your LifeGreen24 electricity plan
Your household electricity consumption level is recorded every bi-monthly.
A year later, RECs tied to your electricity plan are cancelled out based on your total household electricity consumption level
Carbon emissions generated by your household electricity consumption are offset by clean-energy production from the solar farms you tapped
RECs and Carbon Credits are two different instruments.
Carbon credits refer to a tradeable permit that allows a company to emit a certain amount of carbon dioxide or equivalent greenhouse gases; this permit allow s them to emit one tonne of carbon dioxide or equivalent amount of a different greenhouse gas. If a company uses fewer credits than it has (bought), it can trade and sell its credits to other parties who need it (i.e. carbon offsetting).
RECs, on the other hand, are the legal instruments used in renewable electricity markets to account for renewable electricity and its attributes whether that renewable electricity is installed on an organisation's facility or purchased from elsewhere. The owner of a REC has exclusive rights to the attributes of one megawatt-hour (MWh) of renewable electricity and may make unique claims associated with renewable electricity that generated the REC (e.g. using or being supplied with a MWh of renewable electricity, reducing the emissions footprint associated with electricity use).
