- Go to the Account Status module in NAR and click the hyperlinked REC quantity in the ‘Active’ row as shown below:
- Go to the Account Status module in NAR and click the hyperlinked REC quantity in the ‘Active’ row as shown below:
- Select the ‘Retirement’ radio button transfer option, select the Retirement Sub-Account from the drop down, check the Retirement Type, provide the Retirement Details, and click the ‘Submit’ button.
- After clicking the ‘Submit’ button, a pop-up box will appear to confirm action. To execute the transfer, click the ‘OK’ button to transfer the RECs to the designated Retirement Sub-Account.
Note: Retired RECs cannot be moved or transferred out of the Retirement Sub-account to any other Account or Account Holder.
Retirement Types:
- Renewable Portfolio Standard-If you have any obligation to fulfill for the state, this is the option you will choose. You will be able to choose the state you want retire for and the period. Additionally, you can provide additional details
- Green-e Energy certified Voluntary Market sale-If you are participate in the Green-E market and you want to retire RECs, this is the option to choose. You can select from the three reasons REC Only Product, Utility Green Pricing Program, and Green Electricity Product. Compliance period is chosen by the user. User have the ability to choose to input an email and name for Beneficial Owner. Lastly, users can provide a reason if desired.
- Account Holder's Renewable Energy Goal/Commitment- This retirement is for users who want to satisfy a company goal or commitment.
- Retired on behalf of Beneficial Owner-This retirement option is for users who are retiring on behalf of another entity/individual.
- Other- Choose this retirement type option if the first four retirement type is not applicable.