Electric Power, Energy Transition, Agriculture, Renewables, Biofuel

March 26, 2024

Platts to launch Thailand coverage to global I-RECs assessments

Platts, part of S&P Global Commodity Insights, has decided to launch Thailand international renewable energy certificate (I-REC) assessments, effective April 24, 2024.

The assessments will provide transparency to the growing I-RECs market in Thailand. The Thailand assessment will complement Platts existing I-REC assessments.

The Thailand I-REC assessments will reflect spot deliveries of certificates, representing a minimum 1 GWh, for prior-year and current-year vintages, rolling into the next vintages at the start of each calendar year.

For example, the vintages reflected in the assessments on April 24, 2024 will be for 2023 and 2024, and will be assessed through Dec. 31, 2024. Vintages reflected in the assessments will roll into 2024 and 2025 on Jan. 1, 2025, and so on in subsequent years.

Each I-REC represents the environmental attributes of renewable electricity and represents 1 MWh of electricity generated from renewable sources, as certified, and recorded within the I-REC standard registry.

The assessment will be published in US$/MWh and baht/MWh at the 4:30 pm Malaysia Standard Time close for solar, hydro and biomass technologies. It will follow the Penang publishing schedule and holiday calendar.

The new assessment will be available on Platts Connect and will be part of Platts Energy Transition offering.

Below is a summary of the new assessment launches:

Symbol Description
ANPNE00 I-REC Thailand Solar Previous Year USD/MWh
ANPNF00 I-REC Thailand Solar Current Year USD/MWh
ANPNG00 I-REC Thailand Solar Previous Year THB/MWh
ANPNH00 I-REC Thailand Solar Current Year THB/MWh
ANPNM00 I-REC Thailand Hydro Previous Year USD/MWh
ANPNN00 I-REC Thailand Hydro Current Year USD/MWh
ANPNO00 I-REC Thailand Hydro Previous Year THB/MWh
ANPNP00 I-REC Thailand Hydro Current Year THB/MWh
ANPNI00 I-REC Thailand Biomass Previous Year USD/MWh
ANPNJ00 I-REC Thailand Biomass Current Year USD/MWh
ANPNK00 I-REC Thailand Biomass Previous Year THB/MWh
ANPNL00 I-REC Thailand Biomass Current Year THB/MWh

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