VEU Certificate Creation Report

Creation between 13/10/2024 and 20/10/2024

Results

• 86,302 VEECs were created for the period between 13/10/2024 and 20/10/2024.
• 3,307 up from the previous week.
• The VEEC Spot price is $103.20 – down $0.80 on 21/10.
• Water Heating Activities (1D, 3C, 3D) contributed 6,657 (7.71%) VEECs compared to 6,128 (7.40%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 44,415 (51.46%) VEECs compared to 35,204 (42.42%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 7,820,223 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