Center for Resource Solutions is hosting a webinar regarding the Green-e Framework for Renewable Energy Certification. This new global energy certification framework establishes the baseline criteria for new regional and country-specific Green-e standards throughout the world.
On the 29th of June 2017 RECS International in conjunction with DLA Piper held a webinar on the developments of MiFID II and the implications for GO trade.
The Association of Issuing Bodies (AIB) is evaluating the user friendliness and functionality of their website and has opened a survey for market parties and stakeholders to provide their comments.
The AIB is requesting feedback by Thursday 20 July 12:00. The survey can be found here here.
Philip Lighting is taking large steps towards sourcing entirely renewable electricity for its global operations in order to meet their 100% renewables target by 2020. Philips, a leader in energy efficient lighting, will source renewable electricity from Mohammed bin Rashid Al Maktoum Solar Park in Dubai, using the International REC Standard.
We are pleased to announce that there are already over 70 registrations for the webinar about the developments regarding MiFID II, organized by RECS International in conjunction with DLA Piper. Today is the last day to register for the webinar. To read more about the webinar and register, please go to the event page.
This news item contains members only information regarding the REC Market Meeting in 2018. Public announcement will follow later this year.
The Association of Issuing Bodies and REScoop jointly presented the session “Involving consumers in the energy transition” during the EU Sustainable Energy Week.
RECS International and Natural Capital Partners are jointly organizing a webinar about the various options available to source renewable energy in Asia. The 30-minute webinar will detail the current options in various countries around Asia.
As part of its new standard, Gold Standard for the Global Goals, Gold Standard will launch a new quality label for renewable energy market instruments.
RECS International members are requested to contact the secretariat with their thoughts and considerations related to the development of a “multiple-delivery” standard contract.
RECS International is pleased to announce a new member from the UK: Numerco.
The Association of Issuing Bodies (AIB) and REScoop.EU are hosting the session “Involving consumers in the energy transition – accountability, CSR and carbon accounting” during the EU Sustainlable Energy Week (EUSEW).
Eurelectric has prepared a legislative proposal to the European Commission to revise the Renewable Energy Directive (REDII) on some crucial points. Like RECS International and many other stakeholders, they propose that the intentions for auctioning the Guarantee of Origin be omitted in the final version of this important document. For various reasons the intended auctioning system will be detrimental to a carefully constructed GO market. More about this can be read in this news item.
You can read the Eurelectric paper here.
RECS International is pleased to announce a new member: Natural Capital Partners. With 19 years’ experience and a global network of project partners, Natural Capital Partners works with their clients to deliver high quality solutions that ensure immediate, positive impact on the world’s natural capital. They work with more than 300 clients in 33 countries to ensure their environmental programmes deliver value for their business.
RECS International is looking forward to working with Natural Capital Partners and supporting each other in meeting the demand for more renewable electricity.
For more information on Natural Capital Partners please visit their website
Minor corrections have been made to the published EECS Rules 7v9, to account for the agreed changes to Reviewers, as agreed at the last General Meeting. These occur on pages 13, 18 and 61.
For more information please contact the secretariat at email@example.com
In an effort to strengthen consumer choice as well as clarify post-2020 regulations, on 30thNovember 2016 the European Commission released its vision for a new Renewable Energy Directive (REDII). However, there is one critical place where end-users, market players, environmental groups and many national governments all disagree. In article 19:2 of the draft text there is mention of a mandatory auction of Guarantees of Origin (GOs), the ‘currency’ that drives the renewable electricity market. There is considerable concern that this auction, in its current form, would take away consumer choice in the electricity market and restrict the ability to support specific renewable projects.
There is a wide range of compliance and voluntary instruments available on the electricity market to promote the generation of renewable electricity across Europe, such as Feed-In tariffs (FITs), feed-in premiums (FIPs) and investment grants. While support schemes for renewables can stimulate growth in terms of production, the demand-driven focus is lost. This tends to lead to market distortion, resulting in an inefficient allocation of renewables (e.g. new solar production in regions with a low radiation input). Moreover they tend to have an impact on grid balancing and other regulatory frameworks as such EU support schemes have varying degrees of inefficiency. Moving towards market-based support schemes provides more efficient ways to use tax money.
The AIB, together with its members, has compiled a detailed consideration of the Guarantee of Origin scheme in the “Clean Energy for all Europeans” package. It is taking a close look at the proposals in the upcoming RED II directive and providing comments on among other things the auctioning of GOs and GOs for gas.
On the 11th of April Reconnect and RECS International organized a seminar on the procurement of renewables by the corporate industry. The seminar took place in Arnhem, the Netherlands, and was attended by some 30 people from various backgrounds: government, NGO, energy providers and commodity traders.
From Monday 20 to Wednesday 22 of March the annual RECs Market Meeting took place at the Krasnapolsky hotel in Amsterdam, the Netherlands. This year’s event, entitled “Consumers driving the energy transition”, focused on end-consumers' increasing influence on the global electricity markets. With the use of attribute tracking systems electricity end-users are able to claim the use of renewable electricity and direct investments in electricity to the production of their choice.
Less than three weeks left to the seventh edition of the RECs Market Meeting. This year we have seen a growing interest in the event and an impressive diversity of backgrounds of people attending the conference. We are happy to see that we have delegates from around the world and from all positions in the market: from The US to Europe, Mali to Brazil and from from NGOs to corporates end-users.
The European Energy Certificate System (EECS) Standard for Guarantee of Origin held by the Association of Issuing Bodies released their annual statistics for the use of the GO-market.
Statistics can be seen via the following links:
· Issuing, transfer and cancellation statistics can be found here
· Ex-Domain Cancellations statistics can be found here
For any questions regarding the statistics, please contact the RECS International secretariat at: firstname.lastname@example.org
CEPS, a leading think tank and forum for debate on EU affairs, has published the paper “The Disclosure of Guarantees of Origin: Interactions with the 2030 Climate and Energy Framework”.
In the light of the upcoming revision of the EU Renewable Energy Directive a new report from RE100 calls on policy makers to ensure a better policy framework, allowing for companies to have easier access to renewable power in Europe.
On 21 and 22 March 2017 RECS International is holding its seventh edition of the RECs Market Meeting in Amsterdam, The Netherlands. This is the only European event focusing on the demand side of the European and the international energy market.
Registration for the Open Markets Committee and the Expert Meeting on Consumer Claims Standards is now closed. Meeting details and both agendas can be found here.
On November 7 2016 the Dubai Supreme Council granted the Dubai Carbon Centre of Excellence (DCCE) the exclusive rights to document and issue RECs in the United Arab Emirates. The I-REC secretariat is working together with the I-REC Standard board and DCCE to ensure the I-REC Standard is implemented in the UAE in a reliable and transparent manner. Issuance is expected in early 2017.
The AIB regularly publishes statistics for GOs adherent to the EECS Standard. New statistics for the third quarter of 2016 are now available.
The CertifHy Project has finalized its work on ‘Developing the 1st EU-wide Guarantee of Origin for Premium Hydrogen’ and presented the results and next steps during the event: “Implementing the 1st EU-wide Guarantees of Origin Scheme for Premium Hydrogen” on October 19th, in Brussels. In this article Vanessa Wabitsch from Hinicio elaborates on the future of premium hydrogen GO's.
Using PPAs to procure renewable energy is becoming more and more standard practice. The World Business Council for Sustainable Development has now released a new report that guides companies through the process of procuring renewable power via Power Purchase Agreements (PPAs).
RECS International is happy to announce a new member from the US: Renewable Choice Energy.
CNMC has long been the official issuing body for guarantees of origin in Spain and as of July 26 2016 these GOs were standardized according to the EECS regulations held by the Association of Issuing Bodies. On September 22nd the first exports from Spain took place via the AIB Hub.
On October 17 and 18 RECS International attended the Renewable Energy Market 2016 in San Francisco organized by the Center for Resource Solutions.
Recently several articles have been published describing RECS International’s vision for how electricity consumption is reported at the European and national levels.
The electricity market is changing. The focus is shifting from production to consumer demands, putting the end user in the driver's seat. On the 1st of November 2016 EY, in conjunction with RECS International and the RE100 group, will invite you to the event “Energy Strategy: 100% Renewable Energy”. Presenters and panelists will dedicate the afternoon to discussing the various topics related to these strategic developments. The event will be attended by global procurement directors, sustainability leaders, environmental heads and leading policy professionals, who will be sharing their knowledge and insights. The main focus will be on strategic options for corporates to source 100% renewables globally.
GO’s and other attribute tracking certificates are well established within European and U.S. electricity markets and are increasingly developing world wide. RECS International believes it is important to bring the focus to consumers adhering to best practice standards. For this reason RECS International is going to revive RECS Good Practice as a way to encourage transparency in product procurement.
Consumers must play a larger role in the energy transition but without the right tools in place the influence of the consumer is limited. Across Europe consumers are increasingly choosing renewable energy even though this is not reflected in national statistics. Reporting on both the production and consumption of renewable electricity will support consumer choice and action in the electricity market. A recently published article by the Secretary General of RECS International elaborates on this topic and can be read here.
Earlier this year the Norwegian government, pressured by industry players, has considered abandoning the pan-European GO system in favour of a so-called “production-based tracking system”. These developments were placing a consumer-driven market for renewable electricity under threat. RECS International called on all stakeholders in Norway to protect consumer choice and begin a dialogue over these issues.
The Association of Issuing Bodies (AIB) has published European residual mix figures for 2015.
RECS International released their 2015 annual report.
In the Norwegian Aftenbladet newspaper local RECS International members have joined forces to combat recent statements from the Minister of Petroleum and Energy. This comes less than a week after the press release from RECS International on the same topic.
In preparation for 2020 DG Energy released a consultation for the second Renewable Energy Directive (REDII) late last year. The first results from the consultation document have been released and are available online for public review.
RECS International published a press release emphasizing the importance of the consumer-driven market for renewable electricity in Norway and around Europe. Recent developments in Norway have shown us that more information about these systems is needed and that stakeholders must increase dialogue over these issues both on national and international levels.
Those familiar with the recent Greenhouse Gas Protocol Scope 2 Guidance document will know that the creation of residual mix calculations are important for the integrity of emissions accounting and renewable electricity markets more generally.
Members are invited to take a quick look at some of the statistical analysis work for the 2015 trading of GOs.
The technical briefing is described on the RE100 website as, “…a technical deep-dive into corporate transparency and credibility, and shows companies how to accurately describe their use of renewable electricity.”
RECS International is considering to organize a workshop in Oslo and is looking for input from members.
OFGEM published their decision on proof of UK consumption of overseas electricity following their consultation from 12 January 2016. Following the release of the document on 19 April 2016 OFGEM published a clarification on 28 April 2016 for 2015/2016 GOs and implicit trading.
The Lawrence Berkeley National Laboratory has released their annual report describing the status of U.S. renewable portfolio standards.
Unicorn Systems launched the new registry HUB application for the Association of Issuing Bodies (AIB) during the weekend of March 5/6. With this milestone it means the transition from the old Atos system is now complete.
On March 7, 2016 Peter Niermeijer resigned as Secretary-General of RECS International. The former Deputy Secretary-General, Jared Braslawsky, was appointed to the position.
Thank you to everyone who participated in the RECs Market Meeting 2016. It is because of you that the event this year was such a success.
The Spanish regulatory authority and official GO issuing body, CNMC, has become an AIB member and is now adherent to the EECS Standard. The German competent body for GOs, UBA, has been adherent to the EECS Standard since 2014 and has recently decided to become an AIB member.
Green-e, a program of the nonprofit Center for Resource Solutions (CRS), has been working in the field of renewable energy certification and verification for nearly 20 years. Green-e’s primary focus has been to support transparent renewables purchasing for North American consumers. In an effort to expand access to consistent, credible, and impactful purchasing options throughout the world Green-e is working to develop the Green-e Energy International Standard.
The blog post, "Taking corporate renewable energy use to the next level" focuses primarily on the interaction of corporate reporting, CDP and the activities of the RE100 Techincal Advisory Group. RECS International has been an active participant on the RE100 Technical Advisory Group since its inception in 2014. Together with the other Advisory Group members RECS International intends to set clear guidelines for the procurement of renewable energy by RE100 corporate companies.
During the announcement of the summer budget on 8 July 2015 it was revealed that Levy Exemption Certificates (LECs) for electricity generated on or after 1 August 2015 would no longer be issued. As a result of this change Ofgem began a consultation process to clarify how GOs should be presented to Ofgem.
The European Commission is reviewing the renewable energy directive (RED) and creating new legislative proposals for the period following 2020 with the possibility of implementing some immediate changes as soon as 2017. In order to coordinate stakeholder and citizen suggestions the commission released a public consultation document for, “the new renewable energy directive (REDII)”.
RECS International is proud to announce a new member with their head offices in the United States, 3Degrees.
As of December 4, 2015 the Czech GO issuing body has suspended its connection to the EECS-hub and electricity tracking standard. OTE, the competent authority for GO issuance in the Czech Republic, will remain a member of the AIB.
The Norwegian EECS-GO registry now provides data on cancellations, allowing a sneak-peek into the world of ex-domain cancellations as well.
The Q3 statistics recently released by the Association of Issuing Bodies show that the Guarantee of Origin market has continued to grow.
The RECs Market Meeting 2016 will take place on 8 and 9 March 2016 in Amsterdam, the Netherlands. This year the event is titled, “Consumers Choose Renewable Energy” to reflect the grassroots support for renewable energy procurement from consumers large and small.
This consultation seeks the views of stakeholders on proposed changes to the procedure for presenting Guarantees of Origin (GOs) to Ofgem after the removal of the Climate Change Levy (CCL) exemption for renewables from 1 August 2015. In light of the absence of Levy Excemption Certificates for output from 1 August 2015, Ofgem is now consulting on proposed changes to the way GOs are presented to the UK national authorities.
MiFID II: the European Securities and Market Authority (ESMA) has published its draft regulatory technical standards which are designed to establish ways of working under MiFID II. If this is passed in its current form, some stakeholders are concerned that the legislation would result in energy companies being subject to similar requirements to those affecting investment banks.
The Association of Issuing Bodies, with technical help from Grexel Systems Ltd., will take over the calculation of the European attribute mix and the national residual mixes from the RE-DISS II project.
EFET had an informal meeting with Ofgem and HMRC to discuss the phase out of CCL exemption.
RE100 is a global initiative that was established to engage, support and showcase influential companies committed to using 100% renewable power. It is led by The Climate Group in partnership with CDP, and it is supported by the We Mean Business coalition.