Indexed REC-56: Why does the Indexed REC Contract utilize a Delivery Year Allocation Factor to account for the 0.5% degradation factor applied to utility scale solar and brownfield site photovoltaic projects?

The Delivery Year Requirement calculation, set forth in Section 1.28 of the Indexed REC Contract, was implemented as a part of the Indexed REC Contract in response to Stakeholder feedback from Spring 2022. This was done to allow for the required amount of RECs delivered to take into account the annual adjustments for the degradation of solar panels.