A Better Way To Manage Your Energy Attribute Certificates
Automate the organization of your global EACs and stay compliant with international reporting standards like CDP, RE100 and CSRD.
How we can help
Streamline your Data Collection and Processing
Ditch the spreadsheets and fragmented data sources. Our platform streamlines your data management and automates Energy Attribute Certificate (EAC) data collection from various sources, ensuring quality and secure cloud storage.
Improved Portfolio Overview for Efficient Reporting
As mandatory reporting brings new demands for transparency, Flexidao simplifies compliance by providing a comprehensive view of your Energy Attribute Certificates (EAC) balances, certificate status, and transactions. Our detailed reporting includes volume discrepancy flagging capabilities, so you have the ultimate oversight to report with confidence.
Automatic Allocation of EAC Volumes for Optimized Compliance
Save time and easily meet your reporting needs with automated EAC certificate management. Track Scope 2 KPIs with detailed emissions data and certificate transaction logs, ensuring transparency and accuracy. Automatically optimize EAC allocation by region to simplify compliance with frameworks like RE100, CDP, and internal reporting.
How it works
Flexidao simplifies Energy Attribute Certificate (EAC) management by acting as a "registry of registries." It integrates with both online and offline registries to consolidate all EAC data on a single platform. This provides visibility for organizations managing global EACs and allows for more effective compliance planning to meet common disclosure standards like RE100, CDP and more.
You can view this data directly in Flexidao's platform, have it sent to your software, or export it via API or CSV to suit your needs.
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FAQS
Energy Attribute Certificates (EACs) are market-based instruments that certify the generation of 1 megawatt-hour (MWh) of electricity from renewable sources, such as wind, solar, or hydroelectric power, and its injection into the power grid. Energy buyers can purchase EACs to support and claim their use of renewable energy.
These certificates can be acquired alongside physical electricity (bundled) or separately (unbundled) from the actual power purchase. In sustainability reporting, companies must demonstrate that they have purchased and cancelled a sufficient number of EACs to match their electricity consumption. This process allows them to claim that they are supplied by 100% renewable electricity.
The term Energy Attribute Certificates (EACs) itself is a categorical term that encompasses any kind of tracking system for proving the origination of a given energy unit. While virtually every country in the world has some form of an EAC equivalent, not every country uses the same terminology.
There are multiple variations of global EACs based on geographical location. Some of these are international standards used by multiple countries, while others are national standards used by a single country.
International Standards
Renewable Energy Credits (RECs) – Standard used in North America
Renewable Energy Guarantees of Origin (GOs) – Standard used by the majority of EU countries
International Renewable Energy Credits (I-RECs) – Standard used by most of Latin America, Africa, and Asia
National Standards
Renewable Energy Guarantee of Origin (REGOs) – Standard used by the UK
LGCs - Standard used by Australia
N-ZECs - Standard used by New Zealand
J Credits - Standard used in Japan
For every MWh of electricity generated from a clean energy source, a single EAC (REC, GO, REGO etc.) is issued.
As such, there are two outputs generated: the actual renewable electricity generated (per MWh), and the EAC documentation that represents the existence of that MWh. It’s important to highlight here that these two entities are not mutually exclusive. That is, an organization can own an EAC but not have consumed the renewable electricity it represents.
This is because EACs are ultimately a tradeable, market-based mechanism for ‘owning’ the claims to the origination of renewable energy.
While some organizations may want to sell their EACs as a way of driving additional revenue, other organizations may want to buy EACs in order to offset their carbon footprint. Ultimately, it is the owner of the EAC who has exclusive rights to any claims about consumption of the electricity associated with an EAC.
EACs are contractual certificates that organizations use to verify that a unit of renewable energy has been generated to account for a unit of energy they have consumed. As such, without EACs, organizations have no verifiable documentation to substantiate their claims.
Each EAC signifies one MWh of renewable energy, but there are other considerations to also consider when meeting renewable energy goals. For example, if the commissioning date of the renewable energy asset where an EAC was produced was 15 years ago or more, common sustainability standards like RE100 will stop accepting this as sufficient enough to prove zero energy-related emissions from next year.
This is because the aim of the RE100 renewable energy certificate scheme is to accelerate the transition towards carbon-free grids by 2040. This cannot be met without corporate buyers themselves contributing to renewable electricity capacity additions.