Creation between 21/07/2024 and 28/07/2024

Results

• 87,185 VEECs were created for the period between 21/07/2024 and 28/07/2024.
• 38,047 down from the previous week.
• The VEEC Spot price is $111.90 – up $3.40 on 29/07.
• Water Heating Activities (1D, 3C, 3D) contributed 4,265 (4.89%) VEECs compared to 5,551 (4.43%)VEECs in the previous week.
• Space Heating and Cooling Activities contributed 27,924 (32.03%) VEECs compared to 40,615 (32.43%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 6,807,375 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