Question 1

What is a Renewable Energy Certificate?

Accepted Answer

Renewable Energy Certificate (REC) is a certificate that represents delivery of 1 MWh of renewable energy to the grid and all associated environmental benefits of displacing 1 MWh of conventional power. RECs are sold separately from electricity. Companies wishing to meet sustainability goals may choose to purchase RECs as part of their renewable energy sourcing portfolio.

Question 2

What is mGATS?

Accepted Answer

mGATS stands for Malaysia Green Attribute Tracking System launched in October 2019. It is a platform that enables interested buyers to purchase RECs generated in Malaysia.

Question 3

Why should I buy REC?

Accepted Answer

If you have a sustainability target, but green energy is not easily accessible in your area (i.e. difficulty in installing solar panels etc.), then REC is the easiest way to achieve that feat.

Question 4

How many RECs should I buy?

Accepted Answer

If you require a percentage of your energy consumption to be green, you will need to buy REC equal to the desired percentage of your total energy consumption.

Question 5

How do I ensure the credibility of REC?

Accepted Answer

Don’t worry, we have got you covered. TNBX collaborates with leading REC platforms approved by all major standards and campaigns such as CDP, WRI and RE100.

Question 6

Where can I buy REC?

Accepted Answer

For companies in Malaysia, you can buy RECs through Malaysia Green Attribute Tracking System (mGATS) at www.mGATS.com.my . Connect with us and we will guide you step by step.

Question 7

How many RECs are available for purchase?

Accepted Answer

You can refer to www.mGATS.com.my for the number of RECs available for purchase.

Question 8

Can we sign long term contract for REC purchase?

Accepted Answer

Yes. We can facilitate long term contract that is suitable for your company.

REC

FAQ