Platts proposes to launch crop and manure European biomethane GO assessments

Platts proposes to launch crop and manure European biomethane GO assessments

Platts, part of S&P Global Commodities Insights, is proposing to launch daily assessments for crop feedstock biomethane guarantees of origin (GOs) in the UK, and for manure feedstock biomethane GOs in Denmark and the Netherlands.

The new daily assessments will be for the current-year and year-ahead vintages for both the UK crop and Denmark/Netherlands manure assessments, with a minimum trade volume for assessment of 1 GWh. These will also include carbon intensity (CI) value definitions for crop and manure.

The CI value definition range proposed for the UK crop biomethane GO assessments is for certificates with an associated CI value of higher than +25.00 g Co2e/MJ with no maximum. Platts understands that biomethane of significantly higher carbon intensity do not receive GOs. For manure biomethane GO assessments in Denmark and the Netherlands, the proposed CI definition is for values lower than -85.00 g Co2e/MJ. Existing assessments for European biomethane GOs, with CI from +25.00 to 0 g CO2e/MJ, are to be relabeled as waste.

The proposed UK crop assessments will be published in GBP/MWh and Eur/MWh, while the Denmark and Netherlands manure assessments will be published in Eur/MWh. These assessments will be published at a 16:30 London timestamp. These assessments are proposed to begin publishing on Feb. 20, 2023.

Platts invites all questions and feedback to Platts_Carbon@spglobal.com, power@spglobal.com and pricegroup@spglobal.com by Jan. 23, 2023

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.