Energy Attribute Certificates (EACs) are commonly developed in electricity markets which are embedded within conflict-free areas with safe political and societal structures. That is not to say that conflict regions generally would not benefit from market-oriented financial solutions. Energy Peace Partners (EPP) is a non-profit organization which aims to bring renewable energy markets to regions in the world where a natural development of EAC markets may be less evident due to conflict and related issues.
RECS International has entered into a partnership with the Re-Source Platform and is offering a discount to its members to attend the Re-Source event. This event is taking place in Amsterdam on 20-21 November 2018.
Oslo Economics, a Norwegian consultancy who offer analyses and advice for government and public and private companies in the power market area, has published the report “Study on Guarantees of Origin” by commission of the Norwegian Ministery of Petroleum and Energy.
After a succesful REC Market Meeting in March 2018, RECS International has now commenced the organization of the 9th edition of the REC Market Meeting 2019. The event attracts hundreds of professionals from renewable energy markets around the globe to network and share their expertise. This year the role of market actors in developing renewable energy markets will highlighted. The event will be held on 12 and 13 March 2019 at the NH Collections Grand Hotel Krasnapolsky in Amsterdam.
RECS International is pleased to welcome a new member: On Power from Iceland.
On 20 September 2018 the Open Markets Committee took place in Madrid, a jointly event organized by RECS International and the Association of Issuing Bodies (AIB). This 11th edition of the event, which welcomes members from both organizations to discuss developments in the markets for Guarantees of Origin, was well attended. Presentations and the attendance list can be downloaded below.
RECS International has entered into a partnership with the RE-Source platform and offers a discount to members of RECS International to attend the RE-Source event. This event is taking place in Amsterdam on 20-21 November 2018.
The registration module for the Open Markets Committee and the RECS General Meeting (for RECS members only) is soon closing.
RECS International has signed the joint statement to keep EU energy and emissions markets protected from VAT fraud beyond 2018.
RECS International is welcoming input for the REC Market Meeting in 2019. This 9th edition will take place at NH Grand Hotel Krasnapolsky Amsterdam, the Netherlands on 12 and 13 March. This year´s theme: Markets driving growth in renewables.
The REC Market Meeting is changing and innovating. Last year we welcomed the most attendees ever and our conference was the most extensive it has been so far, yet with this coming edition we are gearing up for something even bigger. Interested parties can now apply for a sponsorship.
RECS International, in cooperation with consultancy agency VaasaETT, is publishing the 2017 GO Monitoring report.
Update of events related to the work of RECS International.
RECS International has entered into a partnership with Re-Source and offers a discount to members of RECS International to attend the RE-Source event on 20 and 21 November 2018 in Amsterdam.
The RE100 has published the paper “Business Leadership in the Transition to Renewable Electricity”. The paper provides a framework for companies seeking to demonstrate leadership in the transition towards a clean energy economy powered by 100% renewable electricity.
Members and stakeholders of RECS International are encouraged to take part in a survey on corporate sourcing of renewables.
This is a reminder to register for the Open Markets Committee (OMC) and RECS General Meeting.
RECS International has published its annual report for 2017.
In June the EU Commission, Parliament and Council have come to a provisory agreement on Europe’s renewable path toward 2030.
The CertifHy consortium and working groups are launching the pilot phase for the first EU-wide Guarantee of Origin for hydrogen. Market parties may now create an account on the CertifHy GO registry and soon start purchasing, trading and cancelling H2-GOs issued by 4 pilot producers. Find out more on the procedure to open an account.
On 20 September 2018 RECS International and the AIB are jointly organizing the Open Markets Committee (OMC) in Madrid, Spain. On 21 September RECS International is organizing the RECS General Meeting (GM), which is intended for its members to get up to speed with the latest developments in the EAC market. Members are asked to influence the discussions and provide their input.
More and more non-energy companies are voluntarily – and actively – procuring or investing in self-generation of renewable energy. Driven by sharp cost reductions, combined with growing calls for sustainability among investors and consumers, renewables have become an attractive source of energy for corporate users around the world.
A new report from the International Renewable Energy Agency (IRENA) highlights the latest trends and provides recommendations to more fully exploit such potential. The report can be found here.
The Association of Issuing Bodies (AIB) has published the Residual Mixes and European Attribute Mix of 2017. The calculation was carried out by Grexel Systems Ltd, assisted by Ostfoldforskning and Ecoinvent.
As of May 25 2018 the EU is implementing a data protection reform through the General Data Protection Regulation (GDPR). The GDPR will bring several improvements to deal with data protection violations in the future.
AIB invites you to attend the EU Sustainable Energy Week Policy event Europe’s Vision for the Energy System of the Future on Wednesday 6 June, from 9:00-10:30 hrs in Brussels, Belgium.
Imposed conditions for trade, expiry and cancellation can differ between members of AIB.
EKOenergy is one of the 12 finalists of the EU Sustainable Energy Awards, which is recognising outstanding innovation in energy efficiency and renewables.
The Association of Issuing Bodies has published its 2018Q1 activity and ex-domain cancellation statistics. To date, already 300 TWh of electricity has been actively consumed within the EECS countries.
The Association of Issuing Bodies (AIB) holds a list of market facilitators who use the EECS-GO system for themselves or their clients.
RECS International is pleased to welcome a new member: CEZ Group.
Last month Nuon/Vattenfall has won a state tender for the first subsidy free offshore wind park. The construction is due to start in 2022. RECS International interviewed Esther Veldkamp of Vattenfall about this achievement and about the importance of the GO in financing the project, eliminating the need for subsidy.
The interview was released on 19/04/2018 and can be read here.
The CertifHy platform (see previous news on this here) has recently been progressing on further developing the GO Scheme, GO issuing, GO commercialisation and the regulatory framework.
Two new documents have been added to the Position Papers folder regarding RED II developments:
1. Recommendations on Article 19 of the RED II – by ECOHZ
2. The joint statement of Guarantees of Origin (previously mentioned in our newsletter here)
A corrected version of the 2017-Q4 statistics of the Association of Issuing Bodies AIB) is now available.
The International Organization for Standardization (ISO) has recently re-opened the standard documents for reporting on greenhouse gas emissions (14064-1) and carbon footprint of products (14067). RECS International and its partners were concerned when in a draft version, leading up to the final documentation, the market based method for creating carbon inventories was being prohibited.
The AIB’s 2017 Q4 statistics are now available below.
The Dutch minister for Economic Affairs and Climate was questioned by a member of the Dutch House of Representatives regarding the sourcing of electricity by hospitals, universities and museums in the Netherlands.
Members of RECS International who were unable to attend the REC Market Meeting can view the presentations with the password below.
On 13 and 14 March RECS International held its 8th edition of the yearly REC Market Meeting in Amsterdam. The conference was attended by more than 320 delegates from many parts of the world.
As energy attribute certificate markets are maturing, market players are now shifting their focus from tracking the origin of electricity to tracking other energy sources. The CertifHy project, undertaken by a consortium led by HINICIO, is bringing together a large group of stakeholders to jointly develop a GO scheme for hydrogen.
The European Commission has published a “Notice to Stakeholders” regarding the “Withdrawal of the United Kingdom and EU rules in the field of Guarantees of Origin of electricity from renewable energy sources”.
On Tuesday 13 March 2018 the REC Market Meeting will open its doors in Amsterdam at the Krasnapolsky hotel.
RECS International has co-signed a joint statement to draw attention towards several crucial articles on the use and implementation of the Guarantee of Origin.
The I-REC Standard has announced an Advisory Group meeting on March 14, 2018 from 15:00 - 16:00 at the Krasnapolsky Hotel in Amsterdam, the Netherlands.
RECS International is pleased to release the Renewables Good Practice (ReGP).
RECS International is pleased to welcome a new member: Becour.
On 8 February 2018 the I-REC Standard is organizing a seminar "Los Certificados de Energía Renovable y Acción Empresarial para el Cambio Climático" (Renewable energy certificates and business action for climate change). The seminar will be held in Bogotá, Colombia.
The seminar offers an introduction to energy attribute certificates (EACs) and market overview for Latin America, as well as expert insights from market players in the region. The seminar will be in Spanish.
For information and registration, go to the I-REC website and specifically the news item seen here.
Over the last months the international ISO Standard has been working on a specification for principles, requirements and guidelines for quantifying and reporting the carbon footprint of products. Initial draft versions of the ISO 14067 standard guidelines proposed an objection to the market-based framework (ie. reporting through tracking mechanisms such as the Guarantee of Origin) for purchased electricity. This would have resulted in conflicting guidance to other well known existing standard frameworks, notably the Greenhouse Gas Protocol Scope 2 Guidance.
RECS International is very pleased to have a two new members on board: Svensk Kraftmäkling (SKM) and AFS Group.
RECS International is expanding! Are you looking to be part of an energetic team supporting the transition to renewable electricity? Then let us know! Take a look at the open positions on our website here and on LinkedIn here.
RECS International will be starting a working group to discuss new IT frameworks, most notably blockchain.
RECS International is pleased to see the large interest in the yearly conference, the REC Market Meeting. This shows that the significance of the role of consumers in the renewable energy transition is being recognised by actors throughout the industry, from producers to traders to consumers and other stakeholders.
Those who work with the Guarantee of Origin are anxiously following the developments of the upcoming Renewable Energy Directive (REDII). The European Commission, Parliament and Council have now moved forward into the next phase of the negotiations: the trialogues.
RECS International is excited to be expanding the secretariat. A list of open positions can be found below. Please use “RECS careers + position title” as the subject of the email.
For more information or to apply for these positions, email the secretariat directly at firstname.lastname@example.org
Please view the press release via the link below for information related to CNMC. RECS International members are encouraged to reach out to the secretariat for more information on this topic.
Update 18/12/2017: the suspension of CNMC has now been avoided, see link below.
RECS International is very please to have a new member on board: Air Products and Chemicals.
On Thursday 31 December the Association of Issuing Bodies and RECS International jointly organized the annual Open Markets Committee (OMC). It was a very successful meeting, attended by both members of RECS International (mainly market players) and national issuing bodies, regulators and others who work with the EECS Guarantee of Origin.
As was discussed during the General Meeting on December 1st, RECS International will be starting a working group to discuss new IT frameworks, most notably blockchain.
On 20 November RECS International participated in the first plenary session of CertifHy, a project for designing a EU-wide Green Hydrogen Guarantee of Origin. The plenary session was attended by over 100 stakeholders from industry, policymakers, academia and research and associations.
Reminder: last day to register for the Open Markets Committee and RECS International General Meeting
Please register today for the Open Markets Committee (30 November) and the RECS International General meeting (1 December) in Vienna, Austria. The agenda and meeting details are now available here. Registration closes on November 20th 2017.
The Renewables Good Practice (ReGP) guidance document has now been released for public stakeholder consultation. We welcome comments and suggestions on the current version 0.9 to the secretariat before January 15, 2018.
Dated November 13th the European Council has released their latest draft of the revision to the Renewable Energy Directive (REDII). RECS International has the urgent request to correct Article 19:8.
RECS International, in collaboration with their partners, members and other stakeholders, has been following the developments around ISO/DIS 14067. There is currently a public consultation for which the RECS International secretariat requests that stakeholders and members take immediate action.
The Association of Issuing Bodies (AIB) has released its data for Q3. The data shows production, transfer, export, import and expiry figures of Guarantees of Origin. The data is increasingly detailed, allowing for better evaluation of the renewable energy market at product level.
The Corporate Green Sourcing Academy and the Association of Issuing Bodies are organizing an informative webinar: The value of Guarantees of Origin: empowering consumers in the energy transition.
In October 2017 CDP published a new report: “Putting a price on carbon, integrating climate risk into business planning”. The report provides an overview of internal (business) carbon pricing activities by an increasing number of businesses and nations. It elaborates on the impact on business decision making and the relation to climate change measures.
The Guarantee of Origin (GO) has proven to be a reliable tool for allocating (renewable) energy products. Thanks to the GO, electricity can be reliably allocated to individual users, giving the final consumer a choice in their electricity product. Increasingly stakeholders are looking to implement similar book-and-claim systems to other products distributed through a single network, such as hydrogen. HINICIO, ECN, GREXEL, LBST and TÜV SÜD are working together to bring a Europe-wide hydrogen GO scheme to the market. Following the initial phase the CertifHy project is now launching pilot projects across Europe.
The draft version of the Renewable Energy Directive (REDII) has been in development since its initial release by the European Commission earlier this year. The document will need to be reviewed by the European Parliament as well as the European Council before a “trialogue” is started, a process to resolve disagreements between the European Council and the European Parliament. The European Commission is the mediator in this process.
In March 2018 RECS International will be organizing the 8th edition of the REC Market Meeting. RECS International welcomes abstracts from interested speakers.
On 25 September RECS International and Agder Energi organized a seminar on the UK renewable energy markets. On 26 September RECS International organized another seminar to discuss the progress of the Renewables Good Practice (ReGP). The ReGP is a guidance document to help stakeholders, producers and end-users of reliably procure renewable electricity.
From October 22 – 24 the Renewable Energy Markets (REM) conference will be held in New York City at the Midtown Hilton Hotel. The two-day event attracts participants who share an interest in and commitment to promoting renewable energy and is organized by the Centre for Resource Solutions. The conference brings forward the latest developments in the US renewables sector, as well as developments on an international level.
Over the years the Guarantee of Origin (GO) system has increasingly proven its worth in the transition to a renewable economy. There is no alternative when it comes to reliably allocating renewable energy sources from producers to individual consumers in Europe. The significance of a robust attribute tracking system in order to establish a prosperous renewables market has been recognized by European policy makers, international stakeholders and the producers and consumers it is intended for. The market continues to grow every year and the international support and comprehension of the system is likewise growing.
The Green Economy Market Infrastructure company Grexel has created the fourth edition of the “Development of the Guarantees of Origin Market” report, on request of RECS International.
RECS International welcomes a new member from Hungary: Vertis Environmental Finance Ltd.
The International REC Standard board is organizing an Advisory Group meeting in order to improve the quality of the I-REC Standard through the input by stakeholders and market players. The I-REC Standard is a non-profit organization which provides a robust energy attribute tracking system in markets globally where no system currently exists.
On June 9th 2017, the Swedish Energy Agency (Energimyndigheten) was accepted as a new member of the Association of Issuing Bodies (AIB). EECS certificates for production devices in Sweden are now being issued by the certificate registry CESAR, which is operated by the Agency. Guarantees of origin can be issued either in a national version, which is only transferrable within Sweden, or in an EECS version for transfer anywhere in Europe. Both types can be issued for any type of electricity production, be it renewable, fossil or nuclear. 148 million GOs were issued in Sweden during last year, of which 31 million were EECS certificates.
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