VEU Certificate Creation Report

Creation between 17/11/2024 and 24/11/2024

Results

• 118,026 VEECs were created for the period between 17/11/2024 and 24/11/2024.
• 42,418 down from the previous week.
• The VEEC Spot price is $111.00 – up $2.40 on 25/11.
• Water Heating Activities (1D, 3C, 3D) contributed 7,449 (6.31%) VEECs compared to 7,337 (9.70%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 65,384 (55.40%) VEECs compared to 41,307 (54.63%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 8,287,737 VEECs already Registered/ Pending Registration/ Pending Payment.

Based on current creation trends, we estimate the VEEC surplus will be exhausted by Q4 2025.

Analysis

% of VEECs Created

Total Weekly Creation Pie Chart