VEU Certificate Creation Report

Creation between 30/06/2024 and 7/07/2024

Results

• 88,956 VEECs were created for the period between 30/06/2024 and 7/07/2024.
• 108,562 down from the previous week.
• The VEEC Spot price is $102.50 – up $0.75 on 8/07.
• Water Heating Activities (1D, 3C, 3D) contributed 6,885 (7.74%) VEECs compared to 7,598 (3.85%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 6,512,625 VEECs already Registered/ Pending Registration/ Pending Payment.

Based on current creation trends, we estimate the VEEC surplus will be exhausted by Q2 2025 – This has pushed out slightly from

last month, following an increase in creation over the past two months.

Analysis

Total Weekly Creation Pie Chart