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.