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PSC Issued A Declaratory Ruling On The Transferability Of Tier 1 RECs

By: MAGNIFYI Staff

Published September 22, 2025

Dockets: 25-E-0270
Category: New York
Related Categories: ESCO, Renewable Energy Credits (RECs)

The New York Public Service Commission (PSC) issued a declaratory ruling on the transferability of Tier 1 renewable energy credits.  In this order, the NYPSC reaffirms that LSR project owners may sell Tier 1 RECs not contracted with NYSERDA to third parties. It also confirms that, under the ESCO Reset Order, ESCOs may purchase voluntary RECs from sources other than NYSERDA, but must obtain Tier 1 compliance RECs directly from NYSERDA.

25-E-0270
(Petition of CleanChoice Energy, Inc. for a Declaratory Ruling Clarifying that Large-Scale Renewable Projects May Conditionally Sell Tier 1 Renewable Energy Credits to Third Party Market Participants.)

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