Michigan Electric Service Provider Account: This type of Account can hold, transfer (outgoing and incoming), and Retire Credits. A Michigan Electric Service Provider Account can also register and maintain Assets and have Credits issued to it for its Assets. NOTE: A Michigan Electric Service Provider Account is the only type of Account that can annually retire Credits for their REC Portfolio (PA295) or EWR compliance (PA342).
Non-profit Wholesale Power Provider Account: A non-profit entity that supplies wholesale electric power to one or more Michigan electric service providers that maintain a Michigan Electric Service Provider Account. This type of Account can hold, transfer (outgoing and incoming), and Retire Credits. This Account type can also register and maintain Assets and have Credits issued to it for its Assets.
General Account: This type of Account can hold, transfer (outgoing and incoming), and Retire credits. A General Account can also register and maintain Assets and have Credits issued to it for its Assets.
Project Account: This type of Account can register Assets and have Credits issued to it for its Assets. A Project Account can hold, transfer (only outgoing transfers), withdraw and retire Credits. A Project Account cannot receive transfers from other parties.
Retail Purchaser Account: This type of Account is for retail purchasers of Credits. A Retail Purchaser Account can hold, accept incoming transfers, and retire Credits. They can also register and maintain Assets that are under 1MW in capacity and have Credits issued in their Account. A Retail Purchaser Account cannot make outgoing transfers.
Qualified Reporting Entity (QRE)/ Verifier Account: An Account Holder with a QRE Account is assigned to an Asset and is responsible for verifying generation or storage information from that Asset. MIRECS tracks the specific types of Assets for which QRE’s are approved to provide services, ensuring that they are suitably qualified and accredited. The QRE Account cannot hold Credits.
Program Administrator Account: This type of Account is provided to administrators of compliance and voluntary programs that utilize MIRECS and/or have eligibilities noted for certain Credits. It will allow Program Administrators to review eligibilities and Portfolio reports. Asset details will only be displayed in a Program Administrator Account if the Account Holder registering that Asset has listed it as eligible according to the specific program/certification.
More details on the different account types can be found in the Operating Rules and Terms of Use.