EWEC to conduct its Q1 2023 Clean Energy Certificates auction

Emirates Water and Electricity Company (EWEC) today announced that it will conduct the Q1 auction for Clean Energy Certificates (CECs) in Abu Dhabi, with registration now open and will close on 14th March.

The CECs scheme is a strategic initiative introduced by the Abu Dhabi Department of Energy (DoE) that enables Abu Dhabi-based companies to validate their clean energy consumption claims and support the UAE’s transition towards a sustainable, decarbonised economy. It also offers participating companies a competitive advantage by holding internationally recognised certificates that certify their green credentials.

Francois Brice, Commercial Executive Director at EWEC, said, “Following the record results achieved in our Q4 2022 auction, where we sold over 9 million CECs to numerous Abu Dhabi-based entities, EWEC is proud to be at the forefront of supporting Abu Dhabi and the UAE achieve its economic and sustainability goals as the nation prepares to host COP28.

“The market for CECs is rapidly growing and gaining further momentum as organisations take positive, tangible action to decarbonise their energy consumption and contribute to the UAE Net Zero by 2050 strategic initiative.”

He also urged organisations and entities to participate in the upcoming auction and demonstrate their commitment to a more sustainable future.

CECs are tradable digital certificates issued by the Department of Energy in units of 1 MWh. They conform to International REC Standard (I-REC) measures and are currently the only accredited instruments in Abu Dhabi to prove ownership of the environmental and economic benefits of consuming clean energy.

EWEC plays a key role in implementing the CECs scheme by being the Single Registrant and Auction Operator.

Source: WAM, Rola AlGhoul/ Esraa Esmail