← All news

GGCS releases Q3 statistics - issuances and retirement rates steady

Thursday, 20 October 2022

Kevin Lim

  Interactive charts, tables and graphics removed. Subscribers see full content

On 13 October 2022, the GGCS released their market update essentially covered events to the end of Q3 2022. Issuances and cancellations remained at a high level following Q1 and Q2 trends.

Looking at participants in the register, 2022 YTD shows a similar increase to previous years:

In 2020, the number of traders exceeded the number of producers in the program, perhaps reflecting the growing interest in RGGOs as a commodity, with both membership types rising steadily ever since.

Retirements YTD are already at their highest numbers ever, more than 3.6 TWh with the previous annual high in 2019 2.5 TWh. For 2022, retirements have exceeded 1 TWh each quarter. The demand sector breakdown shows 850 GWh being transferred to dena, an increase of almost 80% from the previous Q2 result. Businesses have accounted for 2.3 TWh of...

Interested in Green Certificate pricing, insights and analytics?

Contact us to get a free trial.