EECS Activity in Grexel's registries in 2014

January, 2015

More than 200 million certificates were issued in Grexel's registries during this past year, an increase of 4% compared to 2013 (193 TWh).  This means that, during 2014, the majority of all EECS certificates issued came from Grexel's registries according to our estimates. At the same time, international transactions slowed down a bit in Grexel’s registries, but had a 22% increase in other AIB domains. Nevertheless, the total volume of international transactions remained at about the same level as 2013’s figures. 

A highly positive trend in the EECS market is the sharp increase in cancellations, which is expected to total 367 TWh, an increase of 45,4% from 2013, which predicts good market development for 2015. This can be seen as a result of positive development in the disclosure schemes of many AIB members, which is of course still a work in progress.

Focusing on individual countries, Norway is the domain with the largest issuing volume, but it’s also worth noting the increase in certificate imports: from 14,3 TWh in 2013 to 27,6 TWh in 2014; a 93,2% jump. Furthermore the country’s cancellations were impressive, 29 TWh, which indicates a 20,9% increase from last year and represents close to one third of the country’s electricity consumption.  In Denmark, the amount of cancellations was also a pleasant reading. The country had a vast rise in usage of RES, with nearly 8,3 TWh of cancellations, which represents a growth of 108% from 2013 (3,9 TWh).

Finally, in Luxembourg, the volume of cancellations rose 17,6%, reaching 3 TWh in the last year, which is very impressive considering their small issuing volume (0,047 TWh) in 2014 or the total electricity consumption averaging some 8 TWh annually. 











Grexel registries cover the EECS Certificate activity in the following countries:

  • Denmark
  • Iceland
  • Luxembourg
  • Norway
  • Sweden


Sources: CMO.grexelNECSAIB Statistics

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