VEU Certificate Creation Report

Creation between 14/07/2024 and 21/07/2024

Results

• 125,232 VEECs were created for the period between 14/07/2024 and 21/07/2024.
• 44,450 up from the previous week.
• The VEEC Spot price is $108.50 – up $3.50 on 22/07.
• Water Heating Activities (1D, 3C, 3D) contributed 5,551 (4.43%) VEECs compared to 5,369 (6.65%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 6,719,654 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