For Electric Power Suppliers, compliance retirement occurs when certificates are placed into a Compliance Sub-account and submitted for review by the Commission. certificates associated with an approved Compliance Sub-account are placed into retirement by Commission action.
The Account Holder will place certificates into the Compliance Sub-account, which is then audited by the Commission Public Staff. Once the Commission has approved the Account Holder’s compliance with the Portfolio Standard, the certificates are retired.
To Retire RECs into the Compliance Subaccount:
- Select a batch of certificates from an Active or Banked Subaccount and press Batch transfer.
- Select the Compliance Retirement option and designate the Compliance Subaccount from the dropdown
- Select Submit to transfer the RECs into the compliance Subaccount
- To submit the Compliance Subaccount to the NCUC, review the NC-RETS Compliance Reporting User Guide
Please reference the following articles for all Compliance activity in NC-RETS: