Sec. 203. Zero-emission electricity credit trading program
266 words·~1 min read·
/bill/117/hr/1512/ih/section-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 1 year after the date of enactment of this Act, the Administrator shall establish a zero-emission electricity credit trading program under which— the Administrator shall record, track, auction, and transfer zero-emission electricity credits; and a generator to whom such zero-emission electricity credits are issued may sell or otherwise transfer those credits, as provided or allowed by applicable contracts, through— any auction established under the zero-emission electricity credit trading program; direct sales; or other transactional arrangements that sell electric energy or generating capacity either separately or combined with the transfer of zero-emission electricity credits, including transactions that pair zero-emission electricity credits with the demand of the retail electricity supplier.
In carrying out the program under this section, the Administrator shall ensure that a zero-emission electricity credit may be— submitted only once under section 202(a); and only purchased by, transferred to, or otherwise secured by a retail electricity supplier. In carrying out the program under this section, the Administrator may delegate, to one or more appropriate entities— the administration of a transparent national market for the sale or trade of zero-emission electricity credits; and the tracking of dispatch of zero-emission electricity generation.
In making a delegation under paragraph (1), the Administrator shall ensure that the tracking and reporting of information concerning the dispatch of zero-emission electricity generation is transparent, verifiable, and independent of any interests subject to an obligation under this title. A zero-emission electricity credit may be used for compliance with the requirements of section 202 for the calendar year for which the zero-emission electricity credit is issued and the subsequent 3 calendar years.