VEU Certificate Creation Report

Creation between 27/10/2024 and 3/11/2024

Results

• 117,864 VEECs were created for the period between 27/10/2024 and 3/11/2024.
• 41,562 up from the previous week.
• The VEEC Spot price is $105.25 – up $1.50 on 4/11.
• Water Heating Activities (1D, 3C, 3D) contributed 8,151 (6.92%) VEECs compared to 5,888 (7.72%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 63,208 (53.63%) VEECs compared to 38,332 (50.24%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 8,013,886 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