Creation between 28/07/2024 and 4/08/2024

Results

• 84,312 VEECs were created for the period between 28/07/2024 and 4/08/2024.
• 2,873 down from the previous week.
• The VEEC Spot price is $109.50 – down $2.40 on 5/08.
• Water Heating Activities (1D, 3C, 3D) contributed 5,473 (6.49%) VEECs compared to 4,265 (4.89%) VEECs in the previous week.
• Space Heating and Cooling Activities contributed 31,403 (37.25%) VEECs compared to 27,924 (32.03%) VEECs in the previous week.

Target Tracking

The 2024 target is 7.1M with currently 6,892,217 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