We’re delighted to announce that TraceX, Powerledger’s marketplace for renewable energy certificates (RECs) trading, is now officially integrated with ERCOT (Electric Reliability Council of Texas).
With this ERCOT integration, C&I buyers, brokers, and traders can now access, compare, and purchase ERCOT RECs directly through TraceX with full transparency and a simplified settlement process.
ERCOT: A massive & growing opportunity
ERCOT manages around 90% of Texas’ electric load, making it the largest and most dynamic renewable energy market in the US. With wind and solar leading the way, the region issued over 32 million unbundled RECs in 2023. For corporate REC buyers, ERCOT offers an opportunity to meet ESG goals and optimize REC procurement.
Seamless access to ERCOT RECs via TraceX
With this new integration, ERCOT registry participants can now access Powerledger’s REC trading marketplace, TraceX to:
- Compare REC listings across wind, solar, and other sources
- Filter by specific REC attributes such as vintage, location, and facility.
- Get full REC price transparency for informed decisions
- Execute trades with just a few clicks
Faster REC trades without settlement risks
All participants on TraceX marketplace are pre-validated, which means you can trade faster, without any settlement risks using on-platform payments.
Market access for C&I REC buyers with custodian REC holding feature
TraceX also offers custodian REC holding and retirement feature which provides retail-level access to certified RECs for corporate sustainability teams and SMBs who want access to RECs without the administrative overhead of managing multiple registry accounts. With TraceX, users can retire RECs with a single click and experience full transparency by instantly downloading their proof of retirement.
Automated processes for faster transactions
Unlike traditional OTC markets, which face delays due to resource-heavy and time-consuming processes, TraceX simplifies REC trading with automation, easy onboarding, and faster settlement.
With TraceX, organizations can easily access verified ERCOT RECs, trade with full price transparency, and retire certificates in just a few clicks. Powerledger’s TraceX is built to eliminate manual processes, speed up settlement, and make REC trading accessible to both large corporates and smaller sustainability teams.
Ready to start trading RECs?
Get in touch with us at tracex@powerledger.io
