Moving Forward. To the extent the parties have other specific changes that they wish to make to the contract, they can be set forth on separate pages, which is the practice for other trading contracts. If market practice demonstrates widespread adoption of certain changes, the working group will examine whether to revise the contract accordingly. This is a dynamic contract, for a dynamic market. We fully expect the market to rapidly develop beyond the contract as currently written, but hope to set forth what parties should keep in mind when they seek to transact in RECs, while at the same time providing a functioning document that enables parties to transact in RECs right now. The drafters recognize that this market is nascent and we hope it will mature on our watch into a robust market mechanism to allocate resources to achieve the goals of renewable resource development.
Appears in 5 contracts
Samples: Memorandum of Understanding, Master Renewable Energy Certificate Purchase and Sale Agreement, Master Renewable Energy Certificate Purchase and Sale Agreement
