VEU Certificate Creation Report

Creation between 20/10/2024 and 27/10/2024

Results

• 76,302 VEECs were created for the period between 20/10/2024 and 27/10/2024.
• 10,000 down from the previous week.
• The VEEC Spot price is $103.75 – up $0.55 on 28/10.
• Water Heating Activities (1D, 3C, 3D) contributed 5,888 (7.72%) VEECs compared to 6,657 (7.71%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 38,332 (50.24%) VEECs compared to 44,415 (51.46%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 7,896,379 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