VEU Certificate Creation Report

Creation between 4/08/2024 and 11/08/2024

Results

• 91,579 VEECs were created for the period between 4/08/2024 and 11/08/2024.
• 7,267 up from the previous week.
• The VEEC Spot price is $108.35 – down $1.15 on 12/08.
• Water Heating Activities (1D, 3C, 3D) contributed 5,804 (6.34%) VEECs compared to 5,473 (6.49%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 40,081 (43.77%) VEECs compared to 31,403 (37.25%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 6,983,927 VEECs already Registered/ Pending Registration/ Pending Payment.

Based on current creation trends, we estimate the VEEC surplus will be exhausted by Q3 2025. This has extended out from Q1 last month

following an increase in creation over the past three months, plus a lower-than-expected VEEC surrender

Forecast

Analysis

% of VEECs Created

Total Weekly Creation Pie Chart