A Better Way To Manage Your Energy Attribute Certificates
Streamline how your organization collects, tracks and manages its EACs.
How we can help
Data Collection, Processing, and Ingestion
Streamline your data management with our automated EAC data collection from various sources, ensuring quality and secure cloud storage.
EAC Portfolio Overview and Contract Management
Gain a comprehensive view of your EAC balances, certificate status, and transactions with our detailed reporting and volume discrepancy flagging. Receive monthly insights to keep on track.
Automatic allocation of EAC volumes for streamlined reporting and compliance
Monitor Scope 2 KPIs with our detailed emissions data and certificates transaction logs. Automate EAC cancellations, visualize consumption by region, and optimize EAC allocation for reporting (RE100, CDP, internal).
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. You can easily integrate your data into Flexidao’s platform, have it sent directly 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 canceled 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 EAC itself is a categorical term that encompasses any kind of tracking system for proving the renewable origin 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 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
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’ theclaims to the origination of the 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 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