Iran Energy Exchange (IEE) plans to launch Renewable Energy Certificates (RECs) in the form of certificates of deposit. Renewable energy is electricity that is produced by power plants using renewable energy sources (such as wind, solar power, etc.). According to this plan, first a renewable power plant produces electricity and provides it to the Ministry of Energy. The generated electricity is distributed and consumed at the same moment. The amount of electricity produced by the renewable power plant is measured and verified by the Renewable Energy and Electricity Efficiency Organization (SATBA). In exchange for the amount of electricity that a renewable power plant delivers to the power distribution network, REC is given to the power plant. This certificate actually represents a certain amount of electricity produced from renewable energy sources and delivered. The renewable power plant sells these certificates in the secondary market of the energy exchange to manufacturing companies that are required to supply part of their electricity consumption from renewable energy. At the time of calculating the amount of electricity consumed by the manufacturing company during a period, The Ministry of Energy accepts and clears the said certificate as a part of the debt.

According to the resolution of the deposit certificate, the issuance of the certificate of deposit must be based on a warehouse receipt, which shows the owner's possession of a certain amount of goods.

There is always a base load in the electricity network. The base load is the minimum level of demand on an electrical grid over a span of time, for example, one week. The Shariah committee considered the base load as an example of the warehouse mentioned in the definition of the goods deposit certificate. Therefore, the maximum amount of REC that can be issue is equal to the amount of the base load.