Retiring Certificates

A Retirement Account is used to hold M-RETS Certificates that an Organization has chosen to retire for an environmental claim. Once Certificates are placed in a Retirement Account, they cannot be transferred and function as the official electronic record of retirement.

M-RETS does not determine whether Certificates should be retired for voluntary or compliance purposes. All Users are responsible for initiating and completing their own retirements.

If your Organization needs to add a new voluntary or compliance retirement reason, please contact M-RETS for assistance.

Before retiring RECS you will need to create a retirement account. To do so, please refer here.

1. Select the batch(es) you wish to retire from the Active Certificates table within the Certificates Dashboard. If you do not want to retire an entire batch, you will be able to edit the REC quantity from the batches later in the process.

2. Click the green "Retire" button.

3. On the first page of the retirement screen, you can change the amount of RECs you are retiring. For this example, we will retire 150 RECs, with 50 from the first batch and 25 from the second batch.

4. On the second page of the retirement screen, enter the quantity of Certificates you wish to retire and select Next. You will then be prompted to choose a retirement reason. For detailed descriptions of each retirement reason, please refer here.

For Voluntary you are given the following drop down options:

For Compliance the drop-down contains the following options:

All Certificate retirement types allow the user to input notes that become a part of the retirement record in the database. For this example, we have chosen a Voluntary State RPS retirement for Minnesota for 2021.

5. On the third page of the retirement screen, you will select the account to deposit the retire the RECs. Next, I will select a Retirement Account to deposit the retired RECs. For this example, I have selected “Retirement account 1”.

NOTE: You will not be able to change the Retirement Accounts after retirement. Be sure to select the correct Account.

Next select the Review button.

6. Review the retirement. If everything looks correct, select "Retire".

Upon completion, you will see a confirmation screen that your retirement was successful. Here you can also select View Transaction History to download a retirement record document.