The Commission will receive an automatic notification that a report has been submitted for their review. After their review, the Commission can elect to either ‘approve’ or ‘reject’ the REC Portfolio Sub-account.
Approval will result in the Credits being Retired permanently in the REC Portfolio Sub-account associated with the given compliance year.
Rejection will reopen the REC Portfolio Sub-Account to allow the Account Holder to amend their REC Portfolio after which they can resubmit the Sub-account for Commission review.
The status of the REC Portfolio Sub-Account can be accessed via the Portfolio Reports available to the Account Holder and the Commission
Please reference the Annual REC Portfolio Filling and EWR Compliance for more information on Annual Portfolio Filings, including:
- Portfolio (Formally Compliance) Overview
- Portfolio Report
- MIRECS Annual Reporting and Transferring Certificates to a REC Portfolio Sub-Account
Note - Information on Compliance for Energy Waste Reduction can be found in the Energy Waste Reduction (EWR) section of the MIRECS Help Center.