RE100 (Renewable 100) is a global initiative that brings together some of the world’s most influential companies committed to 100% renewable electricity. Launched by The Climate Group in partnership with CDP (Carbon Disclosure Project), this corporate renewable energy initiative aims to accelerate the shift towards zero-carbon grids at global scale. RE100 companies commit to transitioning their operations to 100% renewable energy by a specified year. This goal highlights their dedication to sustainability and positions these companies as leaders in the effort to decarbonize operations.

What Are the New RE100 Rules?

‍

Effective in 2025, RE100 technical criteria will include two new mandatory reporting requirements for energy teams to adhere to, increasing the complexity of their data management tasks. These new requirements are:

‍

1. RE100 will only recognize renewable electricity purchases from assets commissioned or re-powered within the past 15 years. This policy change is intended to encourage the development of new renewable energy projects and accelerate the energy transition. Businesses that cannot demonstrate compliance with this requirement, or whose renewable assets have surpassed the 15-year age threshold, will only be able to claim 15% of their electricity purchases from those assets as 100% renewable.

‍

2. To strengthen the integrity of renewable electricity claims in Europe, RE100 has redefined the region's single market. Only countries that meet all three of the following criteria will be included: 

a. Members of the Association of Issuing Bodies (AIB). 

b. Issuing European Energy Certificate  System (EECS) Guarantees of Origin 

c. Have a grid connection to another country meeting these requirements. 

‍

*This means that certain countries currently under the single market definition will be excluded from 2024, e.g. the UK and Malta. 

How can businesses optimize their reporting process and stay compliant?

‍

Energy buyers can face challenges in obtaining and managing the necessary information to accurately report their renewable electricity usage, especially the critical commissioning date of renewable energy projects. From next year, this information is crucial for determining the validity of their claims for using 100% renewable electricity under the RE100 initiative.

‍

To stay ahead of the curve, energy teams should optimize the process they use for  collecting and aggregating global renewable energy data. This includes renewable energy production and consumption data, their total EAC portfolio, and extra information such as age and commissioning date of their renewable energy assets. 

Many businesses still use manual data collection processes and spreadsheets to collect, aggregate, standardize and quality check data. Digital tools can provide an alternative solution by automating and optimizing the data-gathering process. 

Our platform offers a number of different dashboards which help with all the different aspects of reporting to disclosure schemes like RE100. This includes a Portfolio Overview, a Contract Tracking Dashboard, and a Reporting Dashboard. 

The Portfolio Overview allows users to view and download all uploaded EAC transactions and integrate them with various registries. A Contract Tracking Dashboard tracks the number of EACs received, comparing them to expected volumes, and identifying any discrepancies. By monitoring these discrepancies with a global overview, energy buyers can take proactive steps to ensure they have enough EACs to cover their consumption and avoid potential price increases during peak reporting periods.

The Reporting Dashboard can help with three key areas: 

1. Gather proof for your claims with efficiency and accuracy

The Reporting Dashboard offers significant time and resource savings by automatically extracting the necessary information and EAC cancellations to support reporting claims. This eliminates the manual effort required to gather and organize this data.

‍

Even if EAC cancellations are unavailable for all electricity consumption, supporting documentation such as supplier contracts or purchase proof from issuing bodies can be attached to the dashboard. This ensures that all claims are properly backed, simplifying the audit process. 

2. Export exactly the information you need

The Reporting Dashboard is tailored to meet the requirements of RE100, providing the precise information needed for electricity-related questions on your CDP report. By automating the generation of answers and attaching necessary proof, it streamline the reporting process and save your team valuable time and resources.

3. Optimization of EACs and attestations to calculate claims 

The Reporting Dashboard offers a powerful tool for reducing market-based emissions. By optimizing EACs and attestations based on RE100 technical criteria, the dashboard helps companies achieve their emissions reduction goals.

Flexidao: Your Partner in RE100 Reporting

‍

Flexidao’s Inventory tool is an electricity portfolio management platform which automates your electricity data collection and ensures you have one single source of truth for all of your global electricity contract and EAC information. Our platform also provides automated answers to CDP questions, facilitating compliance and simplifying audits.

‍

Speak with our experts today to explore ways in which Flexidao can help you navigate RE100 policy developments and optimize RE100/CDP reporting.