VEU Certificate Creation Report

Creation between 22/09/2024 and 29/09/2024

Results

• 71,748 VEECs were created for the period between 22/09/2024 and 29/09/2024.
• 3,835 Down from the previous week.
• The VEEC Spot price is $108.25 – up $0.25 on 30/09.
• Water Heating Activities (1D, 3C, 3D) contributed 6,067 (8.46%) VEECs compared to 6,056 (8.01%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 35,672 (49.72%) VEECs compared to 35,836 (47.41%) VEECs in the previous week.

I’m pleased to share that Creditex have reached a significant milestone this week, achieving our highest VEEC creation number and securing the top spot in the Victorian market for air conditioning, commercial heat pumps, and residential heat pumps. This marks a major accomplishment for our team as we support our customers in the VEU program.

Target Tracking

The 2024 target is 7.1M with currently 7,567,922 VEECs already Registered/ Pending Registration/ Pending Payment.

Based on current creation trends, we estimate the VEEC surplus will be exhausted by Q3-Q4 2025.

Analysis

% of VEECs Created

Total Weekly Creation Pie Chart