Electric Power, Energy Transition, Agriculture, Renewables, Biofuel

February 29, 2024

Platts corrects Feb. 28 assessments of Turkish I-RECs

Platts, part of S&P Global Commodity Insights, has corrected the Feb. 28 assessments of Turkish I-RECs due to a FOREX conversion error.

Heards received for two trades for the I-REC Turkey Wind Previous Year assessment and I-REC Turkey Hydro Current Year assessment were in US dollars and failed to convert to euros. The corrected prices account for the dollar-euro conversion.

Remaining Turkey I-REC assessments were assessed as a spread to I-REC Turkey Wind Previous Year and I-REC Turkey Hydro Current Year prices, and now have been adjusted to account for the dollar-euro conversion. The corresponding assessments derived by forex have been corrected too.

The Turkish I-RECs assessments should read as follows:

Assessment Symbol Original Value Corrected Value Assessment Date
I-REC Turkey Wind Previous Year Eur/MWh ATKYK00 0.45 0.42 28 -Feb- 24
I-REC Turkey Wind Current Year Eur/MWh ATKYF00 0.54 0.51 28 -Feb- 24
I-REC Turkey Solar Previous Year Eur/MWh ATKYD00 0.45 0.42 28 -Feb- 24
I-REC Turkey Solar Current Year Eur/MWh ATKYB00 0.54 0.51 28 -Feb- 24
I-REC Turkey Hydro Previous Year Eur/MWh ACERA00 0.2 0.18 28 -Feb- 24
I-REC Turkey Hydro Current Year Eur/MWh ACERB00 0.3 0.28 28 -Feb- 24
I-REC Turkey Biomass Previous Year Eur/MWh ATKYO00 0.16 0.14 28 -Feb- 24
I-REC Turkey Biomass Current Year Eur/MWh ATKYM00 0.23 0.21 28 -Feb- 24
I-REC Turkey Wind Previous Year USD/MWh ATKYJ00 0.488 0.455 28 -Feb- 24
I-REC Turkey Wind Current Year USD/MWh ATKYE00 0.585 0.553 28 -Feb- 24
I-REC Turkey Solar Previous Year USD/MWh ATKYC00 0.488 0.455 28 -Feb- 24
I-REC Turkey Solar Current Year USD/MWh ATKYA00 0.585 0.553 28 -Feb- 24
I-REC Turkey Hydro Previous Year USD/MWh ACERC00 0.217 0.195 28 -Feb- 24
I-REC Turkey Hydro Current Year USD/MWh ACERD00 0.325 0.303 28 -Feb- 24
I-REC Turkey Biomass Previous Year USD/MWh ATKYN00 0.173 0.152 28 -Feb- 24
I-REC Turkey Biomass Current Year USD/MWh ATKYL00 0.249 0.228 28 -Feb- 24

The assessment appears in the Platts European Power Daily, MegawattDaily as well as Platts Connect. For comments and questions, please contact global_renewables@spglobal.com and pricegroup@spglobal.com.