Creation between 10/11/2024 and 17/11/2024

Results

• 75,608 VEECs were created for the period between 10/11/2024 and 17/11/2024.
• 4,262 down from the previous week.
• The VEEC Spot price is $108.60 – up $2.85 on 18/11.
• Water Heating Activities (1D, 3C, 3D) contributed 7,337 (9.70%) VEECs compared to 4,947 (6.19%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 41,307 (54.63%) VEECs compared to 36,593 (45.82%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 8,170,079 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