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Renewable Energy Certificates


Through purchasing Renewable Energy Certificates (REC), customers may support the development of renewable energy (RE) in Hong Kong and may make use of REC to achieve their RE/environmental targets. The proceeds from the sale of REC will help offset the expenses arising from the Feed-in Tariff (FiT) Scheme. REC will be available for purchase from 1 January 2019.


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Key Scheme Features

  • REC is a voluntary scheme
  • REC is measured in blocks of 100 units of electricity
  • Each unit of electricity carried in a REC:
    • represents all environmental attributes associated with one unit (equivalent to one kWh) of electricity generated from local RE sources (solar photovoltaic and wind power systems)
    • ​is either generated by HK Electric or purchased from its customers through the FiT Scheme
    • ​is priced at HK$0.5 effective from 1 January 2019 (a premium on top of normal electricity tariff rate)
  • REC purchaser has the right to claim the environmental benefits associated with the amount of electricity carried in REC
  • Sold REC cannot be cancelled or refunded. Successful subscribers cannot re-sell or trade REC or grant a third party any form of interest in the REC

Eligibility

All registered customers of HK Electric are eligible to purchase REC.


Small Purchase

  • REC purchase at 5,000 units or below
  • Multiple purchases by an electricity account within a calendar year are allowed, but subject to an overall cap of 5,000 units per account
  • REC will be allocated on a first-come-first-served basis while REC inventory lasts
  • The charge of REC purchase will be reflected in electricity bill
  • Electronic copy of REC will be sent to the purchaser after the bill has been settled
  • Any pending purchases will be automatically terminated on 31 December of each calendar year

Bulk Purchase

  • Minimum purchase for each application at 5,100 units and capped at the past 12-month electricity consumption of the respective electricity account
  • Open in January and February 2019 for purchase covering year 2019, or in October and November of previous year for purchase covering a year from 2020 onwards
  • Each electricity account can only make one application per calendar year
  • Provisional REC will be allocated among bulk purchasers on a pro rata basis according to the total purchase quantity from all applications received
  • Purchasers shall undertake the purchase of actual REC quantity allocated if they select to proceed with the application based on the provisional REC allocation 
  • The charge of REC purchase will be reflected in electricity bill  
  • ​​Electronic copy of REC will be sent to the purchaser after the bill has been settled. It is expected that the REC will be sent by the end of February of the following year

REC Assurance Specification

  • ​The quality and integrity of REC are detailed in the REC Assurance ​Specif​ication​​
  • The REC issue mechanism will be verified annually by a third-party auditor according to the Assurance Specification
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​​REC Application Progress Tracking​

The applicants of REC can check the progress of applications via either the REC Application Progress Tracking, or HK Electric's Account-on-Line (AOL) platform after they have separately registered from the AOL service.​​​​

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Disclosure of REC Information

​The general public will be able to review the details of the REC via the REC Information Enquiry on HK Electric's website for validity checking on any sold REC.​

Participating in the Scheme (Small Purchase)

Submit application form any time in a calendar year
 
HK Electric to allocate REC on a first-come-first-served basis while REC inventory lasts
 
HK Electric to charge purchaser the cost of REC via electricity bill
 
  
HK Electric to dispatch electronic copy of REC after payment has been settled
 
  
Pending purchases will be automatically terminated at end of each calendar year

​Participating in the Scheme (Bulk Purchase)

Submit application form within a specific period in a calendar year
​​ 
HK Electric to allocate provisional REC amount on a pro rata basis according to the  purchase amount
 
Confirm to accept
the allocated
provisional REC
amount
 
HK Electric to
charge purchaser
the cost of REC via
electricity bill
 
  
​HK Electric expects
to dispatch electronic
copy of REC by end
of February of the
following year
​​