This page last reviewed November 4, 2014

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Voluntary Renewable Electricity Program

The Voluntary Renewable Electricity (VRE) Program allows purchasers of eligible voluntary renewable electricity to request retirement of allowances on their behalf, under the Cap-and-Trade Program. The VRE Program supports renewable electricity purchases that are not mandated by the Renewables Portfolio Standard (RPS), and provides a mechanism for the recognition of voluntary purchases of renewable electricity in the Cap-and-Trade Program.  The Cap-and-Trade Regulation specifies a 
percentage of allowances to be set aside each year for VRE purposes.    

ARB will begin to retire allowances in 2014 for eligible voluntary renewable electricity contributions in 2013.  The regulation provides one half percent of the annual budget for the budget years in the first compliance period, and then a quarter of a percent for the budget years in the subsequent compliance periods, to be dedicated to a voluntary renewable electricity account, from which allowances may be retired.  The total allownces that may be retired for each vintage year are reflected in the table below.  The table will be updated montly to reflect allowances retired for the VRE Program.


Application Forms for Voluntary GHG Allowance Retirement:



Voluntary Renewable Electricity 

Program Allowance Totals



Vintage
Year
Allowances Available for Retirement
Allowances
Retired
Allowances Remaining to be Retired
2013814,0000814,000
2014798,5000798,500
2015986,2500986,250
2016956,0000956,000
2017926,0000926,000
2018895,7500895,750
2019865,7500865,750
2020835,5000835,500
 

For questions or comments, please email the Voluntary Renewable Electricity Program Administrator, vreprogram@arb.ca.gov.

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