Q & A 2017-10-04T14:43:11+00:00

TIGRs Q&A

Please see below for some frequently asked questions with our answers. If you have addition questions, please contact us.

Our mission is to create a credible, trustworthy instrument that market participants can easily recognize and rely on to facilitate renewable energy transactions globally. APX believes that creating a standardized instrument across multiple countries and regions is the best way for careful buyers to get “the real thing” – TIGRs. With the launch of TIGRs, companies now have an instrument to help them document their sustainability efforts while also providing transparency and structure to the market, making it easier to find renewable energy projects and sellers.

APX has defined the technology and standards that have been used by regulators, utilities and other participants in the U.S. REC industry since the first registry rolled out more than 15 years ago. We have explored developing an instrument for the voluntary markets for quite some time, but as you’d imagine it isn’t easy to birth voluntary markets in jurisdictions that don’t have regulations or well defined legal frameworks for instruments like TIGRs. Our foremost mission as mentioned above is to create credible and trustworthy instruments. APX believes its policies, procedures, and technology have progressed to the level where this is possible. Coupled with the strong demand for trusted “RECs,” TIGRs were born.

Buyers will have the option to establish their own accounts on the TIGR-enabled 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 TIGR 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. TIGRs are also meant to assist retailers who are purchasing and retiring voluntary supply for their clients in a reliable and transparent way. We believe that TIGRs will become the fundamental standard for project developers to showcase their projects to potential buyers, investors and lenders.

TIGRs can support environmental labels or certifications that emerge and are requested by market participants. We will actively work with these organizations to bring these options to our users, based on their demand.

First and foremost, TIGRs are not an investment vehicle.

Like other voluntary programs, TIGRs can help support the development of renewable energy sources, connecting generators with companies seeking to support green energy. But buying TIGRs today in order to sell them at a higher price tomorrow is simply a bad idea and not why we created TIGRs. We will restrict most accounts to prevent speculative trading.

The markets for instruments like TIGRs are relatively complex. If you want to participate, unless you have experience with purchasing RECs or other environmental commodities, we strongly suggest you purchase through brokers and retailers. We will have a list of brokers and retailers available on our web site shortly.

Yes.  At APX we understand that every country, and locality within a country, may have different renewable energy goals, regulations and incentives.  TIGRs is intended to augment, rather than replace existing structures.  We work with local governments as much as possible to ensure that TIGRs 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.

Third-party verification of production data is a critical element of the APX model. Over the last 15 years, we have worked with dozens of local grid operators, utilities and other qualified, independent reporting entities to deliver objective, verifiable services to the REC marketplace. And we will continue to do so as we roll-out TIGRs into new markets. We will list TIGR-qualified verifiers on our web site, identifying the region and renewable energy project types that they service.