VEU Certificate Creation Report

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

Results

• 79,870 VEECs were created for the period between 3/11/2024 and 10/11/2024.
• 37,994 down from the previous week.
• The VEEC Spot price is $105.75 – up $0.50 on 11/11.
• Water Heating Activities (1D, 3C, 3D) contributed 4,947 (6.19%) VEECs compared to 8,151 (6.92%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 36,593 (45.82%) VEECs compared to 63,208 (53.63%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 8,093,829 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