VEU Certificate Creation Report

Creation between 29/09/2024 and 6/10/2024

Results

• 81,719 VEECs were created for the period between 29/09/2024 and 6/10/2024.
• 9,971 up from the previous week.
• The VEEC Spot price is $108.50 – up $0.25 on 8/10.
• Water Heating Activities (1D, 3C, 3D) contributed 5,784 (7.08%) VEECs compared to 6,067 (8.46%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 36,759 (44.98%) VEECs compared to 35,672 (49.72%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 7,650,720 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