Platts proposes to launch Netherlands ERE price assessments Nov 1

Platts, part of S&P Global Commodity Insights, proposes to launch daily assessments for Netherlands emission reduction units (emissiereductie-eenheden, or ERE), effective Nov. 1, 2025.

The Netherlands will move away from its current renewable energy units ( hernieuwbare brandstofeenheden , or HBE) scheme to a carbon emissions reductions model (ERE) from Jan. 1, 2026.

Platts proposes to assess nine different ERE ticket types, divided into sectors. Landemissiereductie eenheid (LRE) will represent emission cuts from the land/road transport sector, Zeeemissiereductie eenheid (ZRE) will represent cuts from the maritime sector, and Binnenvaartreductie eenheid (BRE) will represent cuts from the inland shipping sector:

LRE-Advanced (LRE-A)

L RE-Annex IX B (LRE-B)

LRE-Conventional (LRE-C)

LRE-Other (LRE-O)

ZRE-Advanced (ZRE-A)

ZRE-Other (ZRE-O)

BRE-Advanced (BRE-A)

BRE-Annex IX B (BRE-B)

BRE-Other (BRE-O)

According to the Dutch Emissions Authority and the Netherlands Enterprise Agency :

Advanced tickets (A) are created from biofuels produced from feedstocks mentioned in Annex IX, Part A of R ED (waste flows and residues), listed in Annex 5 of the Netherlands Energy Transport Regulation.

Annex IX B tickets (B) are created from biofuels produced from feedstocks mentioned in Annex IX, Part B of RED (used vegetable/animal oils and fats).

Conventional (C) tickets are created from biofuels produced from food/feed crops.

Other (O) tickets are created from remaining biofuels that are derived from feedstocks that don't fall into the above categories, such as animal fats that are not classified under Annex IX, Part B of RED, and other wastes and residues.

The assessments would be published daily to a 1630 London time market close in euros per kg of CO2 equivalent (kgCO2e), following a UK publishing schedule.

The assessments would reflect the first quarter of the year transfer and payment terms, with the assessment volume ranging from 1 million-3 million kg of CO2 equivalent. Volumes outside of this range may be considered and normalized to the basis range.

Platts would start assessing the next-year vintage EREs from the first working day of November to the last working day of December. Platts would also assess a current-year vintage ERE from the first working day of the year until the last working day of the calendar year, and a previous-year vintage from the first working day of the year until the last working day of April.

Therefore, Platts would assess a next-year vintage from November-December 2025, a current-year vintage from January-December 2026, and a previous-year vintage starting from January-April 2027.

The proposal is based on current market expectations relating to announced changes to the Dutch system. Should these circumstances change, Platts may update its proposal as necessary through the publication of additional subscriber notes.

Please submit any feedback, comments, or questions to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com by Sept. 1, 2025.

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.