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Each country is its own market with its own supply and demand. Prices differ significantly between countries.
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How much does an I-REC cost?
There is no single price for an I-REC: it depends on six factors. Here is what drives it, so you can choose certificates that fit your goals and budget.
The short answer
It depends on where and how the electricity was produced
Each I-REC proves 1 MWh of renewable electricity, but buyers value some attributes more than others. The country, technology, vintage, volume, plant and any ecolabel all shape the price.
- 1 I-REC = 1 MWh: you need one certificate per MWh you want to cover.
- Generic certificates from large markets are the most affordable.
- Specific technologies, new plants or ecolabels cost more.
Get current prices
- Prices for your country and volume
- Options by technology and vintage
- Redemption statement included
Price factors
Six things that drive the price of an I-REC
Technology
Solar, wind, hydro and biomass are priced differently. Solar and wind from specific plants often cost more than large hydro.
Vintage
The year the electricity was generated. Reporting standards require recent vintages, so current-year certificates are in higher demand.
Volume
Larger volumes usually get a lower price per certificate, and multi-year agreements can lock in a price.
Plant age and location
Certificates from newer plants, or from a specific region or plant, carry a premium.
Ecolabel
Certificates with the EKOenergy label meet extra sustainability criteria and cost slightly more.
FAQ
Frequently asked questions
How much does an I-REC cost?
There is no single price: it depends on the country, technology, vintage, volume and plant. Request a quote with your volume and market and we will send you current prices.
How many I-RECs does my company need?
One I-REC per MWh of electricity you want to cover. A company that consumes 5,000 MWh a year needs 5,000 I-RECs to report that consumption as 100% renewable.
Are I-RECs cheaper than a renewable supply contract?
They are usually the simplest and most flexible way to cover consumption with renewable electricity. In Mexico, large consumers can also combine them with a renewable supply contract in the MEM. Learn about the MEM.
What is included in the price?
With Moendi, the price includes sourcing the certificates, redeeming them in your company's name and the official redemption statement for your report.
Want current prices for your market?
Tell us your country, volume and preferences. We will send you options.
Request a quote