Energy Certificate Lifecycle
From Open Risk Manual
Revision as of 13:13, 2 June 2023 by Wiki admin (talk | contribs)
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
