Difference between revisions of "EFET CMA versus RECS Agreement"
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== EFET CMA versus RECS Agreement == | == EFET CMA versus RECS Agreement == | ||
| − | A high level comparison of two examples of [[Energy Attribute Certificate]]. Based on | + | 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 | * EECS GO Trade Agreement For Single or Multiple Deliveries version 2.2 | ||
* EFET EECS Certificates Master Agreement Version 1.1(b) | * EFET EECS Certificates Master Agreement Version 1.1(b) | ||
| Line 21: | Line 21: | ||
| Master Agreement | | Master Agreement | ||
| Agreement For Single or Multiple Deliveries | | 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 | | Pre-Existing Contracts | ||
| Recognized as Individual Contracts | | Recognized as Individual Contracts | ||
| + | | N/A | ||
| + | |- | ||
| + | | Counterparty Risk | ||
| + | | Credit Support Document, Provision of Financial Statements, Tangible Net Worth | ||
| N/A | | N/A | ||
|} | |} | ||
Latest revision as of 17:47, 2 June 2023
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 |
