Energy Certificate Lifecycle
From Open Risk Manual
Definition
Energy Certificate Lifecycle is the sequence of possible stages in the use of contractual instruments such energy certificates.
Broadly speaking the lifecycle involves the following stages:
- Energy is generated in a production facility (plant) and supplied into a distribution system
- Certificates are issued for the generated energy
- Certificates are verified by a third party
- Certificates are registered with a registry
- Certificates are purchased by market participants
- Certificates may be traded (transfered ) between market participants
- End-users use the certificates to document the origin of the energy they consume
- Certificates used (claimed) by end-users are cancelled in the registry
