From April to June 2020 RECS International held four webinars, based on the REC Market Meeting sessions which were due to be held in March of 2020. The recordings of these webinars are now available by following the link below.
The Association of Issuing Bodies (AIB), the umbrella organization of EECS-GO issuers and holders of the EECS Standard, are welcoming their newest member: REN, representing the Domain of Portugal.
The process of revising European standard CEN EN 16325 continues, with the focus on key issues such as certification of electricity produced and consumed by the same organisation, the potential for a field on GOs stating the GHG emissions related to a given MWh of energy, and rules for the transfer and cancellation of GOs by and on behalf of consumers.
Dear members of RECS International,
In this newsletter we would like to take stock and share with you how we, as an organization dedicated to serving our members, can meet your needs and support the development of effective renewable energy markets.
11th of June 13:00 – 17:30 CET
FaStGO (Facilitating Standards for Guarantees of Origin) provides expert advice to the European Commission DG ENER, based on the terms of Reference N° ENER/C1/2019-517: “Technical support for RES policy development & implementation. Establishing technical requirements and facilitating the standardisation process for guarantees of origin on basis of Dir (EU) 2018/2001.”
The Association of Issuing Bodies (AIB) invites stakeholders to take part in a stakeholder consultation. The original letter can be seen below.
ILR, the Luxembourg Issuing Body of Guarantees of Origin, is publishing their auction prices for 2020Q1.
RECS International is pleased to welcome a new member: Gaia Environment from Singapore.
The Association of Issuing Bodies (AIB) publishes the activity statistics for 2020Q1.
On 18 May 2020 RECS International held the second in the REC Market Meeting webinar series: EAC Market Developments. The recording of this webinar is available to members of RECS International and can be downloaded below.
On 14 May RECS International held the second webinar in the REC Market Meeting Webinar series: EAC market developments.
Maximising the reliability and impact of buying renewables: Guidance for market Participants
This new paper from RECS International seeks to provide the market with guidance on how to maximise the reliability and impact of procuring renewables.
RECS International is at the forefront of developments in renewable energy markets, as it has been for the past 20 years. Having worked since 2001 to improve and simplify the system of tracked energy RECS International has unmatched expertise in the issuance, trade and cancellation of renewable energy certificates. The political landscape has changed considerably over these decades and RECS International has worked hard to stay abreast of changes in attribute tracking systems by collaborating closely with its members and other partners and stakeholders. RECS International engages with legislators, policy-makers, regulators, and system operators to make the case that effective renewable energy markets can help to accelerate the energy transition and, thereby, make an important contribution to tackling climate change.
On Tuesday 28 April RECS International kicked off the REC Market Meeting Webinar series with the first webinar: Market developments, volumes and prices. The webinar was offering a detailed inside to current EAC markets, with a specific view related to the current circumstances.
To increase the availability of information on EAC markets for our members, RECS International has now opened the RECS Members Library. The Library contains presentations, documents and general information from RECS International and related sources to support members in their understanding of these continuously developing markets.
The yearly REC Market Meeting conference brings together professionals and governments in renewable energy markets from around the world. While current circumstances make it impossible for us to hold an in-person event, we still want to provide information to all those interested in how these markets are developing.
RECS International is pleased to welcome a new member: Kyoto Energy from Singapore.
RECS International publishes new two-pager on full disclosure.
RECS International is calling upon its members to respond to a survey about the development of a new European label for renewable energy.
Following discussions with the organisers of venues, speakers and sponsors, the board of RECS International has decided to cancel the REC Market Meeting, which was due to be held between 30 March and 1 April 2020.
On 31 March and 1 April, 2020 RECS International is organizing the 10th edition of the REC Market Meeting, the international conference focusing on the demand side of renewable energy markets. As demand-side markets for renewable energy are rapidly expanding around the globe, the conference takes a focus on both European and international markets.
In 2020 we are celebrating the REC Market Meeting’s 10th anniversary. The conference started in 2010 as a small event for discussing Guarantees of Origin (GOs) in Europe. It has since grown into one of the largest and most respected conferences for experts in renewable energy consumption markets. The 10th edition of the REC Market Meeting will focus on ‘The maturing renewables market’.
RECS International encourages their members to get involved in national standard setting for GO markets.
Recs International welcomes three new members: GGNE, Optiment and SCB Group.
As of the 1st of January 2020, the Netherlands has introduced a full disclosure system for guarantees of origin. Twelve months prior to the implementation it was already possible to voluntarily disclose information on non-renewable energy supply, but this is now compulsory for all suppliers within the Netherlands.
RECS International is pleased to introduce a new member: Greenfact AS from Norway.
For market parties who want to make use of the member registries of Issuing Bodies (IBs), the fee structure for 2020 is now available on the website of the Association of Issuing Bodies (AIB) here.
The 10th edition of the REC Market Meeting, on March 31st and April 1st, will have a broad range of sessions on offer on renewable energy demand-side markets. In addition to a wide range of topics of interest to experts in these markets, the 2020 conference will include introductory sessions for those new to the industry. As these markets gain momentum, organizations are growing their teams with people who will need a strong understanding of the basic components behind renewable energy consumption. To this end, the REC Market Meeting is offering a dedicated “C-stream” of sessions this year, to provide fundamental insights into energy-attribute tracking systems and markets.
The Renewable Energy Directive II states that European Member States and their competent bodies must comply with the CEN – EN 16325 standard to ensure an accurate, reliable and fraud-resistant GO market.
In order to gain input from members on the specific challenges of compliance with EU legislation relating to Guarantees of Origin, RECS International is establishing the Compliance Working Group.
In November 2019 the Association of Issuing Bodies (AIB) became aware that Guarantees of Origin (GOs) from three Italian gas-fired production devices have been wrongly labelled as being produced using energy solely from renewable sources. As these Italian GOs were issued in full conformity with Italian legislation this problem was not detected earlier. Since 2017, only one of these production devices has remained eligible to receive GOs.
The AIB has now published the activity statistics and ex-domain cancellation statistics for 2019Q3.
In 2020 the REC Market Meeting celebrates its 10th anniversary. What started out as a small meeting in 2010 to provide a platform for discussing Guarantees of Origin (GOs) in Europe has grown to become one of the largest and best respected conferences for experts in the development of energy attribute certificates and demand-side choice for energy consumers around the world. The conference provides advanced technical knowledge, guidance on national and international legislative developments and the latest market insights.
RECS International has recently held meetings for the Legal Matters Working Group and the Non-Fossil Gas Working Group.
Following a meeting by the RECS International Working Group on Legal Matters on 10 October, members of RECS International are encouraged to provide comments on the current EFET Standard Agreement by the 31st of October in order for comments to be prepared and presented to the EFET Legal committee in December.
The secretariat of RECS International is pleased to welcome a new member: Coral Future from Singapore.
Following a decision of the Association of Issuing Bodies’ (AIB) General Meeting, Slovakia will officially join the AIB in January 2020.
Sponsorship packages are now available for the 10th edition of the REC Market Meeting, which will take place at Hotel Okura Amsterdam, the Netherlands on Tuesday 31 March and Wednesday 1 April 2020.
On 8 November 2019 RECS International will host, in collaboration with CEZ, a one-day workshop on the implementation of Article 19 of the recast Renewable Energy Directive (RED-2).
As in previous years, RECS International is collaborating with the the RE-Source platform for the event taking place in Amsterdam on 2 and 3 October 2019. The RE-Source event gathers leading experts to discuss the latest trends in PPAs and the corporate sourcing of renewable energy.
RECS International, in cooperation with consultancy agency VaasaETT, is publishing the 2018 GO Monitoring report.
In recent months RECS International has worked to establish a dialogue between the European Commission, the Swiss Government, RECS International and the AIB with the aim of ensuring a clear and effective process for the mutual recognition of GOs between EU Member States and third countries.
Nationally imposed conditions for trade, expiry and cancellation of guarantees of origin can differ between member countries of the Association of Issuing Bodies (AIB). To provide transparency on these conditions, the AIB has created a document which provides an overview of the different rules and regulations of the AIB members.
As in previous years, on 28 November 2019 the Association of Issuing Bodies (AIB) and RECS International are jointly organizing the Open Markets Committee (OMC). On 29 November 2019 RECS International will be organizing the RECS General Meeting (GM). Both meetings will be held in Luxembourg.
The International REC Standard, together with SP Group, are organizing a one-day forum about the International REC Standard, the associated market and national regulations and best practices in Singapore.
In recent years blockchain technologies have endeavoured to establish a role in the tracking of energy attributes, either alongside or in competition with established systems. Whether blockchains enhance or negatively impact existing tracking system remains to be seen. RECS International has created a position paper which analyses the capability for blockchains to enhance attribute tracking and drive it to new heights, or whether their promise will fade as market players continue to rely on the proven success of established systems.
As the recast Renewable Energy Directive (EU/2018/2001) has extended the use of guarantees of origin to include renewable gas, it is important that market players and policy makers are well informed about the implications for markets and regulations.
EFET is redrafting the EFET EECS Master Agreement (MA). RECS International has been requested to review the draft. A comment provided by RECS International is to open the contract up to different certificate types/standards such as I-RECs, ROCs, Elcerts, as opposed to maintinaing an EECS only MA.
Following the emergence of legal issues surrounding the potential for VAT fraud linked to the trade in GOs and the possible categorisation of GOs as financial instruments, the RECS International board has decided to reconvene the Legal Working Group as a matter of urgency.
A revised version of the 2018 European Residual Mix is now available on the website of the Association of Issuing Bodies (AIB).
Earlier this year Germany introduced a national certificate scheme for trading renewable energy attributes. RECS International has created a paper to provide an analysis of the German GO market, including a description of this new regional concept and of RECS International’s view on this change.
The RECS International Annual Report 2018 is now available at www.recs.org.
The UK government has introduced legislation, in the form of a statutory instrument, to introduce a reverse charge accounting mechanism (‘domestic reverse charge’) for supplies of gas and electricity certificates in the UK.
EFET has published a template agreement for Corporate PPAs for use in Europe.
RECS International is very pleased to have a new member on board: Engie Global Markets.We highly appreciate the support from our members, contributing to our mission to create and sustain reliable demand-side markets for renewable energy.
Qui Est Vert, agence de promotion de l’électricité verte, a publié un article sur les modifications réglementaires qui soutiendrait le système GO en France.
French green electricity promotion agency Qui Est Vert has produced an article on regulatory changes that would support the GO system in France.
We are pleased to welcome a new member on board the RECS community: Opus Energy. We highly appreciate the support from our members, contributing to our mission to create and sustain reliability in demand-side markets for renewable energy.
With success of the 9th edition of the REC Market Meeting still fresh in our minds we are already working towards the next edition behind the scenes. This upcoming REC Market Meeting will mark the tenth anniversary, with plenty to look back at and even more to focus on for the times ahead.
Avec le soutien de Qui Est Vert, RECS International a traduit les lignes directrices concernant la mise en œuvre de l'article 19 de la directive sur les énergies renouvelables.
With the support of Qui Est Vert, RECS International has translated the guidance document on the implementation of Article 19 of the Renewable Energy Directive.
The Association of Issuing Bodies (AIB) has published the Residual Mixes and European Attribute Mix of 2018. The calculation was carried out by Grexel Systems Ltd on behalf of AIB, assisted by Ostfoldforskning and Ecoinvent.
On 28 November 2019 the Association of Issuing Bodies (AIB) and RECS International are jointly organizing the Open Markets Committee (OMC). On 29 November 2019 RECS International will be organizing the RECS General Meeting. Both meetings will be held in Luxembourg.
Article 19 of the recast EU Renewable Energy Directive (EU 2018/2019), which entered into force at the end of 2018, both expands the use of Guarantees of Origin in the EU and strengthens the systems that support their use. RECS International has created a detailed analysis of the Article, setting out its headline priorities for the article’s implementation by EU Member States, and providing detailed guidance on how these priorities can be achieved.
RECS International has updated its work programme and an abbreviated version is now available to its members.
In a recent newsletter RECS International announced the upcoming auction of Guarantees of Origin (GOs) in France. The French Issuing Body of GOs, Powernext, has been tasked by the French authorities to run monthly auctions for Guarantees of Origin from French renewable power generators who benefit from national support schemes.
RECS International will be co-hosting the session “Decarbonisation at Least Cost: Renewables Beyond Support” during the EU Sustainable Energy Week (EUSEW), held in Brussels in June.
As GO markets continue to expand, market players have become aware of potentially fraudulent practices and actors.
On the 10th of March RECS International presented the "Article 19 Implemention Document" at the General Meeting in Amsterdam.
France is introducing an auction system for Guarantees of Orgin. The first French GO auctioning will take place in September 2019.
From 17 – 21 June 2019 the EU Sustainable Energy Week (EUSEW) is taking place again in Brussels. This year’s theme: Shaping Europe’s Energy Future. RECS International will be co-organizing one of the sessions during the Policy Conference, which will be held from 18-20 June.
On 11-13 March the 9th edition of the REC Market Meeting was held in Amsterdam. The conference was attended by over 400 people from 36 countries, showing the increasing recognition of the importance of demand-side markets for renewable energy.
In October 2018 RECS International published an infographic of international EAC issuers.
Earlier this year an error in the French translation of the RED-2 Article 19 on Guarantees of Origin was detected by a member of the RECS International board.
RECS International is pleased to share with you an updated programme for the REC Market Meeting. This year’s conference is set to be better than ever, with many expert speakers and the latest updates on renewable energy markets from around the globe. Further more the event provides great networking opportunities.
The Dutch GO issuer CertiQ will comply with a ruling from the provisional relief court of the Trade and Industry Appeals Tribunal in the Netherlands requiring it to recognise GOs from the United Kingdom.
In 2018 the Netherlands adopted an amendment for the implementation of Full Disclosure. For a number of reasons, the implementation of Full Disclosure will now be postponed to the 1st of January 2020.
The Institut Luxembourgeois de Régulation (ILR) started in January 2019 the periodic auction of guarantees of origin (EECS RES GOs) for electricity produced in Luxembourg from renewable energy sources.
The secretariat is pleased to share an updated programme with you for the REC Market Meeting in 2019.
The recast of the Renewable Energy Directive (COM/2016/0767 final) at EU level has been agreed by the EU legislative institutions (Commission, Council and Parliament) and is expected to enter the Official Journal, and thereby become EU law, shortly. Within this Directive, Article 19 legislates on Guarantees of Origin and makes a number of important changes over its predecessor – Article 15 of the current Renewable Energy Directive (2009/28/EC).
EFET has requested RECS International members to review the corporate standardized PPA agreement and EFET-EECS contractual documentation.
On November 14 RECS International and CertiQ – the Dutch Issuing Body for Guarantees of Origin – jointly organised the Dutch GO Day in ‘s-Hertogenbosch, the Netherlands. The event focused on the GO system both in the Netherlands and in Europe more broadly. Over 60 delegates attended the event, from various parts in the renewables industry, and engaged in lively discussions on regulatory and other aspects of the Guarantee of Origin system.
The Guarantee of Origin system is currently governed by the Renewable Energy Directive (2009/28/EC). However, GO systems do vary between Member States. The link below provides information regarding the Italian GO system.
RECS International has created an infographic, depicting the issuers of EAC markets around the world.
Guarantee of Origin (GO) markets throughout Europe are evolving rapidly, showing the importance of demand signals for the deployment of renewable energy. Although centrally regulated by the EU Renewable Energy Directive, GO markets throughout Europe differ in terms of prices, volumes and regulations. The Dutch GO Day is highlighting the most important developments in Europe and is taking a particular look at the GO market in the Netherlands.
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.
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.
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.
RECS International has signed the joint statement to keep EU energy and emissions markets protected from VAT fraud beyond 2018.
The registration module for the Open Markets Committee and the RECS General Meeting (for RECS members only) is soon closing.
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.
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.
EKOenergy is one of the 12 finalists of the EU Sustainable Energy Awards, which is recognising outstanding innovation in energy efficiency and renewables.
Imposed conditions for trade, expiry and cancellation can differ between members of AIB.
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 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.
The AIB’s 2017 Q4 statistics are now available 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.
Members of RECS International who were unable to attend the REC Market Meeting can view the presentations with the password below.
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 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 very pleased to have a two new members on board: Svensk Kraftmäkling (SKM) and AFS Group.
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.
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.
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.
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.
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.
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 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 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.
RECS International is considering to organize a workshop in Oslo and is looking for input from members.
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.”
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.
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.
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.
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.
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 Q3 statistics recently released by the Association of Issuing Bodies show that the Guarantee of Origin market has continued to grow.
The Norwegian EECS-GO registry now provides data on cancellations, allowing a sneak-peek into the world of ex-domain cancellations as well.
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.
Request for Meeting: Termination / Reduction of Interconnector Capacity Exposure due to CCL Exemption Removal
We understand that a number of members are currently considering how capacity on the BritNed or IFA could be reduced or terminated as they have lost their commercial purpose because the CCL Exemption for renewable source electricity is removed from 1 August 2015.
The AIB has received formal position statement from the UK’s VAT collector (HMRC) regarding RES GOs (known as REGOs in the UK).
On July 15th the European Commission released the 2015 energy summer package. The summer package, "presented proposals to deliver a new deal for energy consumers, to launch a redesign of the European electricity market, to update energy efficiency labelling and to revise the EU Emissions Trading System". While the focus on the consumer was clear, there was no mention of the guarantee of origin or electricity product choice.
RE-DISS will be holding a free webinar on Disclosure Guidelines for electricity suppliers on July 29, 2015 from 10:00 – 11:30 (CEST).
The United Kingdom´s Climate Change Levy (CCL) was introduced in 2001 under the Finance Act 2000 with the aim of taxing the energy usage of non-domestic consumers with the exception of the transportation sector. An exemption system was introduced to allow consumers of renewable source energy to avoid paying the CCL, by means of the levy exemption certificate (LEC) system.
Operators of United Kingdom resident installations and foreign installations could obtain accreditation for the scheme and receive LECs. These would ultimately be sold together with the underlying renewable source electricity to suppliers in the United Kingdom who would claim exemption on behalf of their consumers. LECs would be sold with other evidentiary instruments such as guarantees of origin and generator declaration for the purpose of fuel mix disclosure (FMD), feed-in tariff levelisation benefits, related determination of green excluded electricity under the contracts for difference (CfD) scheme and as evidence on 'green tariff' products. The appertaining commercial benefit was usually priced into the LEC price.
In the United Kingdom´s 2015 Budget, announced on 8 July 2015, Chancellor George Osborne claimed that as the United Kingdom has established a long-term framework for investment in renewable energy, the CCL exemption scheme, and therefore the LEC scheme, shall be removed. It is from the announcement not fully clear whether the exemption will be removed for both national and foreign installations, or just the latter. The explanation for the change appeared to be mainly concerned with foreign installations.
This note will briefly outline consequences of the removal of the CCL exemption regime on relevant agreements, notably:
§ agreements for the delivery of LECs and guarantees of origin/generator declarations;
§ agreements for the delivery of renewable source electricity into the British electricity market; and
§ agreement for the purchase of interconnection capacity and transmission services on interconnectors into the British electricity market.
The government of the UK will remove the Climate Change Levy exemption for renewably sourced electricity from 1 August 2015.
The Reliable Disclosure Systems for Europe (RE-DISS) project has published European residual mix figures for 2014. This is the last year that RE-DISS will produce residual mix calculations for Europe.
On 19th May the Association of Issuing Bodies granted membership to SEM-O of Ireland.
The Association of Issuing Bodies (AIB) released a paper titled, “AIB Reflection Paper on the Forthcoming RES Directive”. The 18-page document explains the AIB’s view on the future of the guarantee of origin and the necessary policy improvements to ensure a reliable electricity tracking system.
The European Federation of Energy Traders (EFET) and the Association of Issuing Bodies (AIB) are organizing a workshop in cooperation with DLA Piper on, "Trading guarantees of origin: EECS in practice and in legal documentation".
Early bird registration ends this Saturday, 28 February 2015. Register today to benefit from discounted conference tariffs.
CertifHy is a new European project that aims to develop the first EU-wide framework for the generation of guarantees of origin (GoO) for renewable hydrogen for use in Fuel Cells. The objectives of the initiative are to, “…define a widely acceptable definition of green hydrogen, design a robust GoO scheme for green hydrogen and propose a roadmap to implement the initiative throughout the EU.”
The service provider ensuring the quality, reliability and maintenance of the AIB’s hub has been awarded to Grexel a Finnish-based company.
The Swedish Energy Markets Inspectorate (EI) has completed an audit of 16 electricity suppliers to determine if they have correctly managed their electricity disclosure requirements. All 16 companies declared the origin of electricity sold in the previous year appropiately.
The Association of Issuing Bodies (AIB) has released the volumes of issuance, cancellation, export, import, transfer and expiry of European Energy Certificate System (EECS) standardized Guarantee of Origin (GO) certificates.
CertiQ will proceed to oblige the owners of a trade account on the Dutch guarantee of origin registry to hand in know-your-customer forms. Owners of cancellation accounts (end-user accounts) are not required to complete the forms.
The International REC Standard (The I-REC Standard) is a voluntary standard which ensures proper issuance, redemption and consumer claimsin relation to the use of REC certificates outside the EU, US and Australia. The standard provides a simplified method for the issuance of internationally recognized REC certificates where no reliable or internationally accepted system currently exists.
The 2015 Carbon Footprinting Seminar, which is organized by Western Energy Consulting, will take place on 26 February in Warsaw, Poland. Speakers include RECS International, The Embassy of Norway, Bergen Energi, ECOHZ, Clifford Chance, Danone, IKEA and AIB.
RECS International moderated a panel discussion during the recent GHGP workshops in London and Brussels
On 20 January 2015 the GHG Protocol organization published its long-awaited Scope 2 guidance document for the calculation of indirect carbon emissions from the use of electricity, heat and steam.
On 21 January in London, 22 January in Brussels and 30 January in Washington, DC the Greenhouse Gas Protocol (GHGP) and partners are organizing launch events for the updated GHGP Corporate Standard and new Scope 2 Guidance report.
Some RECS Members have mentioned that recent contractual changes and/or Know Your Customer (KYC) forms being required by issuing bodies have placed an unnecessary burden or contractual responsibility on the market player.
Finextra Oy has become the new Finnish member of the AIB and replaced the Grexel registry in that country.
Before the RECS Market Meeting 2015 a workshop is planned for traders, brokers, large-purchasers and suppliers of guarantee of origin certificates in Europe.
A press release from Eurelectric pushes for a comprehensive implementation of the EU anti-VAT-fraud package by all 28 EU Member States.
An updated European Energy Certificate System Guarantee of Origin Standard Agreement for Single Delivery has been posted to the RECS website.
A partner of RECS International is organizing an event in Taipei titled, “International Conference on Corporate GHG Accounting Change and Green Electricity Purchasing in Asia”. Supporting and speaking at the conference are representatives from GHG Protocol, CDP, Greenpeace, I-REC Standard and others. The event will take place on December 10, 2014 from 8:30 – 5:00 at the Chung-Hua Institution for Economic Research in Taipei. Interested participants can attend the conference at no cost.
Some members have had difficulties finding or updating their username and password information on the www.recs.org and www.recsmarket.eu websites. We would like to update you on the current procedures in place to change your individual username or password.
In a recent Markets Committee meeting the Association of Issuing Bodies reviewed recent changes and additions to the EECS-GO standardized countries and/or AIB membership countries.
RECS International has been shortlisted for the Commodity Business Awards 2014 under the Renewable Energy Category.
EMART Energy 2014 will take place in Amsterdam, the Netherlands on 5 and 6 November 2014. RECS International president Claes Hedenstrom will moderate the session, "Renewable electricity - Inside or outside the market?" from 14:30 to 17:30 on Wednesday November 5th.
ECOHZ, a RECS International member, has delivered an open letter to the European Commission asking for, “a coherent approach to how companies report consumption of renewable energy and reinforce Guarantees of Origin as the key disclosure tool”.
The decision by Europe’s highest court in the case of Essent Belgium NV v Vlaamse Reguleringsinstantie voor de Elektriciteits- en Gasmarkt, better known as the ‘Essent Case’ was not surprising for those who followed the earlier Aland Vindkraft case (C-573/12) and ruling by the European Court of Justice.
According to the press release the Commission started an, “in-depth investigation on the EEG 2012 Act” over concerns about the compatibility of tariff reductions for some energy users. The result of the investigation can be seen in the EEG 2014 which will organize tenders, “for up to 5% of the tendered capacity to installations located in Member States which have concluded a cooperation agreement with Germany".
CDP is amending its questionnaires for 2015. CDP runs an annual public consultation process on these proposed amendments to its questionnaires, prior to their publication. During this period, CDP welcomes all stakeholders to review the proposed changes to its questionnaires and submit comments.
RECS International, together with our members and stakeholders, are happy to announce the venue and date of the upcoming 2015 RECS Market Meeting.
I-REC Standard for tracking electricity sent RECS International and AIB letter about Spanish GO system
The I-REC Standard has the aim of spreading the principles of energy attribute tracking systems, worldwide, to promote a consistent and verifiable product that enables a reliable and transparent consumer choice for renewable electricity. RECS International has generally supported such market initiatives in their attempt to bring consumers improved information about their electricity products.
Facebook, Walmart, HP, Mars, GM and Intel, among others, request six improvements to the current U.S. renewable energy marketplace in a recent report published by WWF.
Early on July 1st, 2014 the European Court of Justice (ECJ) ruled in favor of Swedish Energy Agency (Energimyndigheten) in the case brought by Alands Vindkraft. The ruling did not adhere to the earlier Opinion of the Advocate General which may have found Article 3(3) of the European Directive 2009/28/EC, The Renewable Energy Directive, invalid. Article 3(3) allows for national governments to deny access to their renewable electricity support schemes for electricity producers located outside their national borders. In doing so, the Opinion of the Advocate General explained that Article 3(3) of the Directive contradicted Article 34 of the Treaty on the Functioning of the European Union (TFEU), which guarantees the free movement of goods within Europe.
Working with the RECS International Legal Task Force the RECS International Secretariat has published the revised European Energy Certificate System – Guarantee of Origin Standard Agreement for Single Delivery. More than 35 active participants representing 25 different organizations helped the RECS International secretariat shape the standard agreement.
The Croatian Energy Market Operator Ltd. (HROTE) has officially become a member of the Association of Issuing Bodies (AIB). However, due to an AIB internal ruling the Croatian GO market will not be open for imports and/or exports until proper disclosure regulation is enacted.
The Association of Issuing Bodies (AIB) has released a survey in which they requested information from their members and observers asking whether or not VAT is charged on GO trades in various European member states.
The Hungarian Energy and Public Utility Regulatory Authority (MEKH) has decided to host the Hungarian national GO certificates in a registry provided by Grexel. The GOs are considered national Hungarian GOs as they do not adhere to the international electronic standard (EECS) held by the Association of Issuing Bodies.
The Dutch national railways Nederlandse Spoorwegen (NS) has promised to have trains riding on 100-percent renewable electricity by 2018. NS represents roughly 1-percent of total Dutch electricity consumption.
The Reliable Disclosure Systems for Europe (RE-DISS) project has released their 2013 residual mix calculations. The residual mix calculation provided by RE-DISS is of a high-quality and once again shows that Europe is on the forefront of consumer electricity information and the use of electricity tracking systems.
AIB announces that the Czech Republic has officially connected to the EECS international tracking system
In a press release from April 25th the Association of Issuing Bodies (AIB) explained that OTE, a.s. is the newest member of the international EECS-GO system and has officially been connected with the international electronic system held by the association. OTE is a well known Czech market operator.
The new State Aid Guidelines have been released in order to replace the existing 2008 guidelines. A majority of the changes focused on the State aid for the production of renewables.
Center for Resource Solutions is a US non-profit and owner of the Green-e Energy renewable energy certification and verification program. The organization recently attended the RECS Market Meeting and wrote an article on their website titled, “Travelogue: RECS Market Meeting in Dusseldorf, Germany”.
The Reliable Disclosure Systems for Europe (RE-DISS) project, well known for their best practices guidelines and annual residual mix reports, have recently started a public consultation to provide an overview to interested stakeholders on various options related to electricity disclosure. RE-DISS also requests feedback on the options provided.
The European Commission has released a consultation questionnaire on the Retail Energy Market. RECS International has provided their draft response to the consultation due on April 17th.
The RECS International secretariat has created a guide to answering the Greenhouse Gas Protocol's (GHGP) Scope 2 guidance document. The GHGP Scope 2 guidance document will be in public review until April 21st, 2014.
Andreas Gunst, Chariman of the RECS International legal taskforce, has reviewed the recent EEAG draft guidelines. His response is seen in its entirety below:
Greenhouse Gas Protocol releases consultation on indirect emission - Scope 2 - carbon accounting guidance
After a 3-year consultation the Greenhouse Gas Protocol (GHGP) has released the public consultation document for their Scope 2 accounting guidance document. The draft guidance document will be in public consultation until Monday, April 21st 2014. During the consultation period the GHGP will hold a number of in-person workshops and webinars.
The RECS Market Meeting 2014 in Düsseldorf, Germany was a success. On behalf of the RECS International members, conference organizers and conference sponsors we thank all the attendees and speakers for their contributions. Presentations are available to delegates via username and password.
It is highly likely that following on the heels of the Czech Republic another 3 to 4 countries will also join the European EECS GO standard in 2014.
Journalist and contributor for Energy Post, Karel Beckman, wrote an article about recent Advocate-General final opinion in the Alands Vindkraft v. Swedish Energy Agency Court case.
The Directorate-General for Competition prepared a consultation to review the draft guidelines on environmental and energy State Aid 2014-2020.
Sixty-nine organizational responses were delivered to the Council for European Energy Regulators’ (CEER) recent green electricity consultation. The consultation was released as part of CEERs increased focus on European energy consumers.
DLA Piper has released a document explaining the recent European Court of Justice (ECJ) court case.
Immediately following the RECS Market Meeting in Düsseldorf, Germany on March 18 and 19, the Greenhouse Gas Protocol (GHGP) and RECS International will be hosting a workshop to discuss GHGP’s new Scope 2 Guidance draft.
RECS International members are encouraged to read and respond to RECS International’s response to the CEER consultation.
Existing national renewable energy support schemes are, in the opinion of the Advocate General, illegal since they are discriminating against foreign production sources. This final opinion was released yesterday. The European Court of Justice still needs to provide the final ruling before the opinion takes effect. This final ruling is at least a couple of months away.
RECS International will again have a booth at E-World on February 11, 12 and 13. We have an open request for German speaking members to help at the booth for a few hours during this time period. In addition we have a limited amount of free tickets for entrance to E-World for interested members.
Join RECS International in Essen, Germany at the E-World energy & water conference February 11, 12 and 13.
The European Federation of Energy Traders (EFET) published an European Energy Certificate System (EECS) Certificates Master Agreement.
Council of European Energy Regulators (CEER) has opened a public consultation on ‘green’ electricity. This consultation is open until 7 February 2014.
RECS International has changed its legal status from a Belgian Association to a Dutch Foundation. This is in line with decisions taken by the board of RECS International over the last year and a half. The relationship between RECS International and its members remains unchanged, this also goes for the functions and guiding mission of the RECS International Secretariat.
RECS International learned today that the cancelation functionality is now available on the UBA’s HKNR (Herkunftsnachweisregister).
During the AIB general meeting the Domain Protocol for the Czech Republic was approved. The Czech Republic will not be eligible for export until approved disclosure regulation is in place.
After a recent seminar in Wroclaw, Poland it is still unclear what the Polish GO system will look like exactly. It is clear though that the Polish regulator (ERO) is the responsible issuing body and that the GO registry will be operated by the Polish Power Exchange (TGE).
The US-based company, Becton, Dickinson and Company (BD) has signed a 20-year REC deal with a 75MW installed capacity wind farm in Nebraska (USA).
The European Commission recently published a working document titled, “Guidance on the use of renewable energy cooperation mechanisms” as part of a broader publication on “Guidance to Member States on state intervention in electricity markets”. There is a focus in the document of promoting more Europe-wide support systems and improving cooperation mechanisms. There was also mention of the need to increase cost-efficiency.
With 2013 coming soon to a close the secretariat of RECS International would like to get your input into the successes and short comings of our work over the last year.
Western Energy Consulting in Wroclaw, Poland is organizing the seminar "The Guarantees of Origin system in Poland" in the Radisson Blu hotel in Wroclaw on 14 November 2013. For more information go to the website :
The RECS Market Meeting 2014 website is live and registration is open!
Go visit www.recsmarket.eu on your computer. Or, open the website on your smartphone and bookmark our site. This way you'll stay up-to-date on the developments of the conference.
RECS International members now have the ability to display that they are a member of RECS International on their publications, websites and communications.
RECS International invites you to read the second edition of the RECS Magazine. This includes articles such as:
· Cover story: There's no such thing as 'green electricity'
· Interview with Ursula Stocker of Naturemade
· RECS Market Meeting news
· News items
· Broker's column, Salvatore Lima
RECS International member, Demirören Axpo, announced that it has delivered the first renewable electricity, supplied from continental Europe and consumed in Turkey.
To conclude the transition from the PRO to the EECS Rules, the AIB Hub is being amended to reject transfers containing certificates which have been issued after a certain date and have missing mandatory fields.
With Powernext becoming an AIB member the easy, free-trade of Guarantees of Origin can take place between France and 19 other AIB-hub connected registries.
Eleven countries voted to approve the CEN/CENELEC Guarantee of Origin standard.
The Green Paper, “A 2030 framework for climate and energy policies” was in consultation until July 2nd, 2013.
LEED has modified their Building Operations and Maintenance criteria with specific attention given to alternative compliance paths for European users. The criteria now includes the ability to use EECS-GO Certificates for proof of renewable electricity consumption in Europe.
On June 21, the AIB has joined nine other European energy Associations in the adoption of an anti-fraud package created by the Economic and Financial Affairs Council (ECOFIN).
The recent legal opinion provided by The European Court of Justice Advocate-General Yves Bot has potential implications for the future of the Guarantee of Origin, something to which RECS International was interviewed for in the most recent June 24th Power In Europe by Platts,
Advocate-General Bot released an opinion on May 8th, 2013 for Case C-204/12, Essent Belgium NV v Vlaamse Reguleringsinstantie voor de Elektriciteits- en Gasmarkt (VREG). This case, and opinion, could have significant implications regarding the use of foreign produced electricity in a national target counting scheme.
The residual mix calculation for 2012 has been released by the European project Reliable Disclosure Systems for Europe (Phase II). The residual mix gives consumers increased insight into the origin of their electricity consumption if they have not chosen a specific electricity product.
On May 21st, RECS International will be holding a strategy meeting in Brussels intended to look for market-based support schemes for renewable energy.
On April, 12 2013 there was a workshop organized by the European Commission regarding the modernization of State Aid rules.
The Center for Resource Solutions (CRS), administers of the US-based Green-e certification and verification program, recently blogged about the potential for Green-e cooperation in Europe.
A press release from the 9thof April 2013, “Environment: Helping companies and consumers navigate the green maze” was published on the EU commissions website.
In response to an interview with EU Energy Commissioner Günther Oettinger in the Frankfurter Allgemeine Zeitung, RECS International has published an open letter to discuss cost-efficient methods for future support schemes.
The project RE-DISS II, known around the world for their creation of European residual mix figures, has been granted support from the Intelligent Energy Europe Programme for a 30-month continuation. The project began as of April 1, 2013.
Less snowfall led to lower water levels and possibly 19 TWh in reduced renewable electricity production.
On March 28th the European commission released a green paper, “A 2030 framework for climate and energy policies”.
A representative of Swissgird announced Wednesday at the 2013 RECS Market Meeting in Berlin that Switzerland is instituting mandatory full disclosure for all power stations in the country. This is the first country to make such a step.
An UBA representative at the RECS Market Meeting, Wednesday, March 21st in Berlin, said for the first time publically that the Germany Guarantee of Origin registry will join the AIB-hub in 2013.
RECS members spoke at the RECS Market Meeting last week in Berlin about the need for the voluntary market to support new power – these members said they will both work towards this goal.
On 18 and 19 March more than 450 stakeholders from more than 10 EU-ministries spoke about how to improve consumer legislation. The topic of energy was presented during a workshop within the conference.
RECS International is excited to again organize the RECS Market Meeting, this year in Berlin.
The Association of Issuing Bodies (AIB), the owners of the European Energy Certificate Standard (EECS), have formal applications from the German and French GO issuing bodies. Germany has applied for access and use of the AIB hub whereas France has applied for full AIB membership.
A number of European organizations have promoted the harmonized, binding sustainability criteria for biomass on the EU-level.
The Dutch subsidy system (SDE+) now requires certification via Guarantees of Origin (GO) for all producers of renewable heat attempting to claim national subsidy credit.
The EKOenergy board, creating a standard for renewable electricity in Europe, has approved criteria in which the standard will be based upon the Guarantee of Origin.
In mid-2012 RECS International took part in a consultation put out by DG Competition in order to modernize State aid guidelines by the end of 2013.
Carbon Disclosure Project released the first public version of their scope II accounting technical notes.
The Foundation Renewable Energy Transition (FRET) published a press release titled, "Preliminary Reference made to the ECJ on EU Law Compatibility of National Support Scheme for Renewable Energy".
At a February 1st energy seminar in Berlin, Henk Kamp, Minister of Economic Affairs for the Netherlands requested that Europe work together to stimulate renewable energy production.
RECS International has been following the case between Alands Vindkraft AB and the Swedish Energy Agency (Energimyndigheten) for quite some time. The local Swedish court recently asked input from the European Court of Justice (ECJ). The ECJ has now officially issued a case number in response to this request from the Swedish court.
According to a press release of January 29th the French issuing body will be compliant with AIB rules to have an EECS standardized GO.
Join RECS International in Essen, Germany at the E-World energy & water conference February 5, 6 and 7.
RECS International invites you to read the first edition of the RECS Magazine. This includes articles such as:
· Cover story: Purchasing low-carbon electricity
· Interview with Markus Schmid of WISE
· RECS Market Meeting news
· News items
· Broker's column, Max van Meer
In early 2012 the French government created a tender intended to find an issuing body for French Guarantees of Origin. As of January 15th 2013 it was made public that Powernext will be the next issuing body.
The term for the Cypriot President of the Council of the European union ended on 31 December 2012. As of January 1, 2013 there is an Irish Presidency.The programme of the presidency is worth reading and gives you an idea of the most important issues on the table.
The television program Altijd Wat (Eng: Always Something) released a short documentary regarding the Dutch renewable energy targets and the cost-efficiency of current national subsidy systems intended to meet those targets.
RECS International has been informed that an ongoing court case between Ålands Vindkraft AB and the Swedish Energy Agency has moved to the European Court of Justice for additional information.
The EKOenergy organization is holding two seminars in Brussels on January 23rd, 2013.
RECS International wishes an energetic and merry Christmas to all our members, colleagues and friends! We hope that during this holiday season you can enjoy time with your friends and family!
The International Carbon Action Partnership (http://icapcarbonaction.com/) has released an emissions trading scheme map.
RECS International board members have discussed the future of the voluntary RECS certificates at their meeting in Milan on Friday December 7, 2012.
MESHARTILITY introduces a survey and invites local governments and energy suppliers to take part.
Presentation by Dominik Seebach at the AIB General Meeting in Milan on 6-7 December 2012 in particular regarding the relation between the EECS registry with Öko-Institut as IB and the new RES-GO registry at Umweltbundesamt (UBA) in 2013.
On December 6th, 2012 a GSE representative presented at the RECS International GO Trading Seminar that the Italian GO will join the AIB-hub by the middle of 2013. This makes the Italian GO an EECS-GO.
The Council of the European Union released a statement yesterday regarding a council meeting on Transport, Telecommunications and Energy.
The Germany Guarantee of Origin (GO) registry‚ Herkunftsnachweisregister (HKNR), is now open and accepting the registration of plant operators.
A number of presentations at the 18th annual Society of Environmental Toxicology and Chemistry (SETAC) took place this week Monday the 26th of November.
In order to eliminate the double counting of renewable attributes being traded via Norwegian Guarantee of Origin (GO) certificates, the NVE, or the Norwegian Water Resources and Energy Directorate, has made some changes to the calculation of their Residual Mix.
The commission has released a document describing the draft, final methodology for the calculation of a Product Environmental Footprint (PEF).
CertiQ, the appointed issuing body for the Netherlands, has changed some rules regarding the Guarantee of Origin (GO). Most notably the automatic cancelation of a GO will take place 1-year following the production of the electricity and not 1-year following the issuance of the certificate.
RECS International has gone live today with their new recs.org website. This website is intended to increase the awareness of energy tracking systems with both consumers and policy makers. A result of these energy tracking systems are green electricity products and the (inter-)national mechanisms in place to protect the consumer's choice for these products. These two topics are becoming increasingly important and for this reason RECS International hopes to highlight them with the new website.
The EACI has favorably evaluated the RE-DISS II project for continuation.
The Dutch government has a new agreement that encompasses many aspects of life in the Netherlands. One of the focuses in this agreement was in Energy.
Royal Dutch Shell has warned that the increase in renewables via subsidy schemes is making cash strapped countries burn more cheap coal, less CO2 low-gas, and focus on the 'meaningless' CO2 price.
As of the 31st of October, 2012 the RECS trademark and logo have been accepted under Norwegian law.
The Regional Green House Gas Initiative (RGGI) including nine Northeast states in the United States is discussing combining the east coast state cap-and-trade systems to California's new system.
- Guidance for market participants
- Full Disclosure 2-Pager
- EAC World map
- GO Monitoring 2018 Report
- EFET - EECS Master Agreement
- Implementing Article 19 of the RED II
- RECS International Annual Report 2019
- New document: Guidance for market participants
- GO Monitoring 2018 Report
- RECS International Annual Report 2018
- Implementing Article 19 of the RED II
- GO Monitoring 2017 Report