Tradable RECs Come to California

According to the law firm Stoel Rives, "Under the CPUC's decision, the utility can simply purchase the TRECs from the renewable generator, without having to purchase the associated power. The delivery requirement still remains, however. The RECs must be associated with the delivery of some power to California in order to be counted toward a utility's RPS requirement."

Its a good start but as you can see that its only circumventing the problem and not really solving anything. As another blogger pointed out that it'll just enable Colorado sell their RECs to them since they bought too much too soon.

Would be nicer too see this extend to individual trading instead of paying the utiliites companies to buying in on consumer's behalf.