Simplifies Request for Quote process by targeting a single country and automatically circulates your request to our trusted network of suppliers
1. What is an OPEN RFQ for renewable-energy certificates (RECs)?
A OPEN RFQ is a formal request for quotes (prices) you send to our global network of qualified certificate traders, sellers and project owners asking for a quote on your selected certificates.
The request is for delivery as consumption on your behalf, also known as a cancellation statement or redemption statement (I-REC).
A cancellation/redemption statement means that the certificates will be retired and can no longer be sold, as they are now your proof of purchase of renewable energy. The cancellation statement(s) will be transferred to you after a quote is accepted and the certificates are paid. You will not need a registry account as the seller will do the necessary registry registrations on your behalf, so the cancellation statements can be issued.
Sources: AIB - EECS Rules | I-Track foundation (I-RECS)
2. What makes OPEN RFQ different?
It is as simplified RFQ tied to your assets and/or green calculator to reduce the amount of information you need to fill in. More advanced options lives in the full RFQ that requires a subscription. See the full RFQ page for more details.
3. What does “production year” mean in the form?
It’s the calendar year in which the renewable electricity was generated. Most reporting frameworks expect the certificates’ production year to match the year of your consumption (e.g., 2024 consumption → 2024 certificates). Choose the year that aligns with the energy consumption you want to cover.
4. What happens after I click “Publish RFQ”?
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Our engine matches your criteria with eligible suppliers in the registry.
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Suppliers receive the request and can quote before the end of the RFQ.
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You’ll get an email and in-app alert when quotes are received; pricing is displayed side-by-side for easy comparison.
You can accept a quote with one click; we’ll generate the contract for you. The seller will manage certificate delivery and retirement for you. The RFQ will automatically end when you accept a bid.
5. Can I edit my RFQ after submission?
No, but you can stop the RFQ and quickly create a new one.
6. What if I need volume splits, multi-year terms, or custom contract clauses?
Those advanced options live in the full RFQ workflow. Reach out to your account manager for more information.
7. What happens when I accept a quote?
A trade with a default trade confirmation contract will be generated. Both parties will have a trade confirmation sent by email for e-sign.