Certificates that are eligible for the Wisconsin RPS Program have one of the following eligibilities: WI Bankable and WI Non-Bankable. More information on the Wisconsin RPS can be found here.
M-RETS classifies Certificates that are WI RRC eligible and less than four years old as WI Bankable. WI Bankable Certificates are valid for Wisconsin compliance up to four years after the vintage year listed on the Certificate. After the fourth year, M-RETS removes the WI Bankable Certificate eligibility and the Certificate no longer qualifies for the Wisconsin RPS.
M-RETS classifies Certificates that are not WI RRC eligible and less than one year old as WI Non-Bankable. Organizations may only retire Certificates for the Wisconsin RPS that are Non-Bankable for the compliance year matching the vintage listed on the Certificate. For example, a Wisconsin compliance Organization may retire a 2017 WI Non-Bankable Certificate for the 2017 Wisconsin RPS but not for the 2018 Wisconsin RPS. Because M-RETS does not set expiration dates on RECs, a User may still use a 2017 Wisconsin Non-Bankable REC for other purposes if that REC meets the guidelines for other state or voluntary programs. After the closure of the Wisconsin RPS program each year, M-RETS will remove the WI Non-Bankable designation from Certificates that are not in an M-RETS Retirement Account but no longer qualify according to Wisconsin state law and regulations.
Wisconsin Stat. § 196.378(2)(b)1m.a. states that hydroelectric facilities owned or operated by Wisconsin electric providers during the "baseline" 2001-2003 period receive average value for purposes of the Wisconsin RPS. This value is based on an annual average production during the three-year baseline period. This in effect creates two different values: "Quantity" and "RRC Adjusted Quantity"
M-RETS automatically calculates the RRC Adjusted Quantity for use in the Wisconsin RPS Program once all Generators subject to this rule have all data uploaded for the compliance year. When using the M-RETS Program function, the correct number for compliance is the RRC Adjusted Quantity. For Generators participating in the Wisconsin RPS that do not have a three-year hydro average the RRC Adjusted Quantity and the Quantity should be equal.