Renewable Energy Quiz (AI Made 6)

What do Renewable Energy Certificates (RECs) represent in the context of green power?

• The amount of energy saved by using renewable resources

• The environmental attributes associated with one megawatt-hour of renewable energy generation

• A government subsidy for renewable energy companies

• The cost reduction in electricity bills due to the use of renewable energy

Which type of energy sources are associated with the generation location and type indicated on RECs?

• Nuclear and fossil fuels

• Wind, solar, geothermal, hydropower, and biomass

• Coal and natural gas

• Petroleum and shale gas

What is the main purpose of purchasing green power through a retail electricity supplier?

• To receive a discount on the electricity bill

• To support the local electricity grid maintenance

• To choose the level of renewable energy up to 100% green power

• To obtain third-party certification for personal use

What is a community choice aggregation in the context of receiving green power?

• A program where consumers can directly invest in renewable energy projects

• A group discount on renewable energy for members of a community

• A system where a municipality or local jurisdiction purchases green power on behalf of the community

• A community-funded renewable energy research initiative

How can residential consumers drive change in the electricity market through the increased deployment of renewable energy?

• By installing their own renewable energy generation equipment

• By participating in green power marketing programs

• By choosing not to participate in community choice aggregation

• By reducing their overall electricity consumption

What can consumers purchase as a stand-alone product that is unbundled from the physical electricity delivered over the grid?

• Utility service relationships

• Green power supply options

• Renewable Energy Certificates (RECs)

• Electricity consumption data

What is the main challenge that REC instruments help solve?

• Reducing the cost of electricity

• Knowing the origin or source of the electricity delivered over the grid

• Improving the physical delivery of electricity

• Changing the resource type or location of generation

Does buying RECs affect a consumer's existing utility service relationship?

• Yes, it creates a new contract

• Yes, it changes the pricing structure

• No, it does not affect the existing relationship

• No, but it requires a change in the resource type

What is the legal claim that consumers who buy RECs can make?

• They are contributing to the reduction of electricity prices

• They are legally using more electricity than others

• They are legally claiming to be using renewable energy based on the attributes conveyed by the RECs

• They have ownership over the physical electricity

Is there a difference if you purchase the REC bundled or unbundled from the underlying electricity?

• Yes, there is a significant difference

• Yes, but only in terms of pricing

• No, there is little difference

• No, but the source of electricity changes