Phoenix Partners Group, an interdealer credit and equity derivatives broker, has introduced an electronic trading platform for renewable energy credits (RECs). According to the company, this system is the first of its kind within the environmental brokerage community.
The Web-based platform provides a real-time forum for buyers and sellers of RECs to review available inventory and place bids or offers for all tradable REC programs from a single online screen. Previously, energy generators, resellers, marketers, and other parties interested in REC trading used more fragmented, intrusive voice brokerage channels to identify inventories and counterparties for REC purchases and sales.
All domestic renewable portfolio standards and voluntary programs are supported by Phoenix Partner's REC platform, which also provides REC market quotes and historical REC pricing and statistics.
Phoenix Partners Group: (212) 358-8252
SOURCE: Phoenix Partners Group