EFET CMA versus RECS Agreement

A high level comparison of two examples of Energy Attribute Certificate trading contracts. Based on

EECS GO Trade Agreement For Single or Multiple Deliveries version 2.2
EFET EECS Certificates Master Agreement Version 1.1(b)

NB: The focus of the comparison is on concepts and data requirements relating in particular to the function of such instruments as Guarantee of Origin rather than legal and more generic financial contract details.

Concept / Data Attribute	EFET	RCES
Objective	Purchase, Sale, Delivery and Acceptance of Certificates	Sell and Deliver / Buy and Accept a Quantity of Certificates.
Number of Certificates	Master Agreement	Agreement For Single or Multiple Deliveries
Certificate Type (Product)	EECS GO, EECS-Disclosure Certificate, RECS Certificate, National Scheme Certificate	EECS GO, EECS-Disclosure Certificate
Energy Source (Medium)	Electricity, Gas, Fuel, Heating, Cooling, Biomass (energy crops, rapeseed oil)	Electricity
Production Period Granularity	Production Year	TBD
Installation Type	TBD	TBD
Production Device Attributes	EECS Rules, National Scheme Registered Generation Devices	Name, Production Device Number (GSRN)
Contract Quantity (Face Value)	Units of MWh	Units of MWh
Price per Certificate	Currency Units	Currency Units
Domain Specification	Country / AIB of Production, Country / AIB of Delivery	Units of MWh
Purpose	Specified in Agreement (E.g., Regulatory Compliance)	Specified in Cancellation Statement
Pre-Existing Contracts	Recognized as Individual Contracts	N/A
Counterparty Risk	Credit Support Document, Provision of Financial Statements, Tangible Net Worth	N/A