Wisconsin Renewable Resource Credit Program
From February 2003 to June 2007, Clean Power Markets administered the Wisconsin Renewable Resource Credit program on behalf of the Public Service Commission of Wisconsin. The Public Service Commission of Wisconsin selected Clean Power Markets, Inc. to build and administer the RRC Program for the State through a competitive bid in July 2002.
The Wisconsin Renewable Resource Credit (RRC) Program allowed Wisconsin electric providers to use a web-based program to track and report deliveries of renewable power for compliance with the State's renewable portfolio standard (RPS). The system issued RRCs (also known as renewable energy certificates (RECs)) for deliveries exceeding RPS requirements, which were deposited in each electric provider's account. Trading of RRCs was facilitated through an electronic bulletin board, which allowed sales or trades to others in Wisconsin, the Midwest, and beyond.
The system provided an audit function for verifying generation and preventing double-counting of renewable energy production. The program provided an easy method for the electric providers to report their renewable energy information, and an automated report for the regulators (Public Service Commission of Wisconsin and the Department of Administration) to monitor compliance with the RPS regulation. The RRC system tracked the RRCs over time, including retirements, transfers, and year-to-year carryovers. It also provided a means of tracking the renewable output of dual-fueled generators.
There were 108 electric providers that maintained accounts in the RRC Program. There were 120 renewable power plants that were registered in the program, located in Wisconsin, Iowa, Minnesota, and Michigan.