WHAT YOU SHOULD KNOW ABOUT TIGRs

Buyers will have the option to establish their own accounts on the TIGRs Registry and actively manage the transfer and retirement processes, or alternatively buyers will buy through intermediaries (brokers and retailers) who have accounts on the registry. In both cases every purchaser will have full transparency through a privately accessed portal on the APX website to see RECs retired for their benefit. Nothing less will do to ensure the instruments’ credibility.

We have seen an incredible amount of growth in interest from corporates looking to successfully implement their sustainability strategy by purchasing renewable energy. The Registry also assists retailers who are purchasing and retiring voluntary supply for their clients in a reliable and transparent way. We believe that the TIGRs Registry will become the fundamental standard for project developers to showcase their projects to potential buyers, investors and lenders.

RECs support the development of renewable energy sources, connecting generators with companies seeking to support green energy. You can buy RECs directly from project developers as well as from retailers or through brokers. If you are looking for projects in a specific country take a look at the Project list. If you do not see what you are looking for please reach out as we work with project developers in most countries.

Yes. At APX we understand that every country, and locality within a country, may have different renewable energy goals, regulations and incentives. The TIGRs Registry is intended to augment, rather than replace existing structures. We work with local governments as much as possible to ensure that RECs meet the needs of local regulators as well as corporates. To ensure ownership of a project’s environmental attributes, APX connects with local government agencies, non-governmental organizations and legal experts. APX has a long history of working with policy makers and we expect to continue such coordination so that they are part of the process and fully aware of the voluntary market.

ACCOUNT AND ASSET REGISTRATION

General
This account type offers full functionality, meaning the ability to transfer in and out RECs, register projects of all sizes and retire RECs on behalf of others. This account type is best for companies who want full flexibility to manage their RECs and projects.

Asset Owner
This account type can register projects of all sizes and transfer RECs out, but cannot have RECs transferred in or retire RECs on behalf of others. This account type is best for companies who only want to register projects for REC issuance in their account, and deliver those RECs to their offtaker’s TIGRs account.

Retail Aggregator
This account type can have RECs transferred in and retire RECs on behalf of others, but cannot transfer RECs out.This account is best for companies taking delivery of RECs and retiring RECs towards their own commitments, or on behalf of others.

Retirement
This account type is specifically intended for taking delivery and immediately retiring RECs on the company’s own behalf. Active RECs cannot be held in this account type and RECs cannot be retired on behalf of others using this account type.

Qualified Reporting Entity
This account type’s sole purpose is to upload MWhs into TIGRs. This account type cannot register projects or manage RECs in any way.

Program Administrator
This account type gives the entities who oversee compliance and voluntary REC programs the ability to oversee REC activity in TIGRs as it relates to their specific REC program. Please contact the TIGRs administrator for more information about tracking new REC programs in TIGRs.

To open a TIGRs account, please go to tigrs.apx.com and then follow these steps:

  1. Click the ‘Register’ link
  2. Select the TIGRs account type that best matches your intended TIGRs account activity
    Note: Review the description of the TIGRs account type and the TIGRs fee schedule before making your selection.
  3. Review and agree to the TIGRs Terms of Use
  4. Fill out the one page account registration form
  5. Click the ‘Submit for Approval’ button at bottom of the form
  6. The TIGRs administrator will review the account registration and follow up to finalize the registration within one business day
To register a product, first see the Project Registration Requirements for verification requirements for TIGRs projects, then follow these steps:

  1. After logging in to your account, click the Register New Asset link located in the Asset Management section of your account
  2. Fill in the required fields of the project registration form and upload the required documentation
  3. Upon reaching the last page of the project registration form, click the Submit for Approval button at the bottom of the page
  4. The TIGRs administrator will review the project registration and follow up on next steps within 3 business days.
  5. A few notes on the project registration process:
    • If the TIGRs account holder is not the project owner, a Responsible Party Designation form is needed. This form authorizes the TIGRs account holder to register the project on behalf of the project owner.
Third Party
A project can engage with a third party entity to report MWh data into TIGRs. The list of current third party reporting entities can be seen in the TIGRs public reports. Contact the TIGRs administrator to inquire about adding new TIGRs third party reporting entities.

Self-Report
Projects under 1 MW in nameplate capacity can self-report MWh data into TIGRs.

Third Party
A project not in the SPP or MISO footprint can engage with a third party entity to report MWh data into NAR. The list of current third party reporting entities can be seen in the NAR public reports. Contact the NAR administrator to inquire about adding new NAR third party reporting entities.

APX
Should none of the options above not be feasible, contact the TIGRs administrator about having APX verify and upload your project’s MWhs into TIGRs.

  1. TIGRs account holders with register projects will receive an email notification when MWh data is uploaded for your project
  2. Upon logging in to your account, click the hyperlinked month and year text under the Review Data/Self-Report column of the Asset Management section
  3. On the next screen, click the hyperlinked text under the Period Data Status column corresponding to the newly uploaded generation month
  4. If the data is accurate, click the Accept button. This will generate a REC issuance invoice within 24 hrs of the data being accepted. The invoice must be paid before the RECs will be released for issuance. 
    • Note: If uploaded MWhs fail TIGRs’s feasibility validation based on the project’s nameplate capacity and capacity factor, you will not be able to accept the data yourself. The TIGRs administrator will need to review and accept the data for REC issuance.
  5. If the data is not accurate, click the Dispute button to prevent the RECs from issuing. An email notification will be sent to the TIGRs administrator and reporting entity to review further.
  1. Locate the Account Activity section of the home screen of your account
  2. Click the hyperlinked quantity text corresponding to the Active line item
  3. Check the boxes next to the desired RECs for transfer
    • Note: The REC holdings can be sorted and filtered to narrow down the selection of RECs for transfer. The Transfer Quantity field can be edited to only transfer a subset of the selected batch of RECs
  4. Click the Batch Transfer button at the top of the screen
  5. Click the Another Account Holder radio button
  6. Select the desired receiving TIGRs account holder from the corresponding Another Account Holder dropdown list
  7. Click the Submit button at the bottom of the page
  8. An automated email notification will be sent to the REC recipient alerting them of the pending REC transfer
  9. You, as the sender of the RECs, can view the pending REC transfer in your Outbox located on the left side of your screen. The RECs can be withdrawn while still in the REC outbox, should there be a mistake.
  10. The recipient will see the REC transfer in their corresponding Inbox. The recipient has the option to Accept or Reject RECs in their inbox.
  11. Automated email notifications will be sent as the RECs are withdrawn, rejected or accepted.
  1. Locate the Account Activity section of the home screen of your account
  2. Click the hyperlinked quantity text corresponding to the Active line item
  3. Check the boxes next to the desired RECs for retirementNote: The REC holdings can be sorted and filtered to narrow down the selection of RECs for transfer. The Transfer Quantity field can be edited to only transfer a subset of the selected batch of RECs
  4. Click the Batch Transfer button at the top of the screen
  5. Click the Retirement radio button
  6. Select the desired retirement sub-account which will hold the retired RECs
  7. Select the appropriate retirement type. 
    • Primary Account Retirement: To be used for the company’s own behalf 
    • On Behalf Of Retail Retirement: To be used when retiring less than 1,000 RECs on behalf of a third party
    •  On Behalf of Corporate Retirement: To be used when retiring 1,000 RECs or more on behalf of a third party. Please reach out to the TIGRs administrator for information about adding the corporate entity as a retirement option to your account.
  8. Fill in the Retirement Details on the right side of the page which correspond to your selected retirement type
  9. Click the Submit button at the bottom of the screen
  10. The retirement will process and will be viewable immediately via the “Retirement Compliance” report and retirement sub-accounts