About the RECS Market Meeting 2013
With great pleasure we announce our annual conference: the RECS Market Meeting 2013. This event – the third of its kind – will be organized on 20 and 21 March 2013 in Berlin.
RECS Market Meeting 2013 ‘Consumers Demand Renewable Electricity’
Consumers are purchasing more and more renewable electricity products. Demand has grown spectacularly over the last five years. During the RECS Market Meeting 2012 we received the final statistics for 2011. What were the totals? More than 270 TWh of tracked electricity was sold to end-users of which 170 TWh was traded across borders. If historical trends continue, we should see a 35% increase in these numbers by the end of 2012. The RECS Market Meeting 2013 will present these numbers, the facts behind them, and what they mean for your business.
Corporate social responsibility is seen as an important driver for the continuing growth of the renewable market and demand for 'green' electricity in the future. Speakers at the RECS Market Meeting 2013 will explain in detail who is buying renewable electricity and what the motivation is for their purchase. Carbon accounting clearly plays an important role, but how does this work and how does this relate to international accounting rules such as the GHG Protocol and ISO?
The Guarantee of Origin (GO) system is the backbone of the renewable electricity market. Legislation on how to use the GO for renewable electricity is of growing importance in providing electricity products and electricity disclosure. We see new countries joining the standard for the GO year-on-year and registries getting connected to other registries. This makes cross-border trade a daily reality. Legislation on the use of the GO is also changing. Some of these changes are obvious, while others are more subtle, but one thing is sure: legislation is changing fast and it has an enormous influence on volumes and prices. The RECS Market Meeting 2013 will explain these changes in a clear and coherent way, selecting information that is important for you and deciding what can be filtered out.
As a result of continuing demand for renewable electricity and GOs, the basic delivery system – the market for renewable electricity – is becoming mature. In other words, supply is matching demand. With current volumes and a high percentage of international trade, market places are being introduced, standard contracts reviewed, statistics improved, and at the same time there is greater price transparency. From a policy point of view, the voluntary market is clearly significant for the future growth of renewable electricity and policymakers see it as a way of supporting new renewable power in the future. They now refer to the need for market-based renewable electricity growth. They recognise that subsidies will not be able to generate all of the extra growth needed in renewables post-2020, but the market will.
Come to the RECS Market Meeting 2013 to find out.