The Singapore Standard on Code of Practice for Renewable Energy Certificates (SS 673: 2021) was launched on October 26, 2021. This standard was developed to provide a clear framework of measurement, reporting and verification (MRV) requirements for the issuance and management of Renewable Energy Certificates (RECs) and sets out comprehensive guidelines for RECs, including generation, tracking, and management and the use of RECs. Owners of renewable energy installations, registries of RECs and end users are covered by this standard. Specifically, it provides recommendations on how to claim that users are using renewable energy, such as procuring electricity from renewable sources and verifying claims, and emphasizes best practices, such as using RECs that are generated in the country. It is expected that the clear framework of MRV requirements set out in this standard will enable the renewable energy industry to access various reliable sources of electricity for RECs trading.
This standard is available for a fee and can be purchased at the following URL.