VEU Certificate Creation Report

Creation between 07/07/2024 and 14/07/2024

Results

• 80,782 VEECs were created for the period between 07/07/2024 and 14/07/2024.
• 8,174 down from the previous week.
• The VEEC Spot price is $105.00 – up $2.50 on 15/07.
• Water Heating Activities (1D, 3C, 3D) contributed 5,369 (6.65%) VEECs compared to 6,885 (7.74%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 6,593,816 VEECs already Registered/ Pending Registration/ Pending Payment.

Based on current creation trends, we estimate the VEEC surplus will be exhausted by Q2 2025 – This has pushed out slightly from

last month, following an increase in creation over the past two months.

Analysis

% of VEECs Created

Total Weekly Creation Pie Chart