Platts proposes to assess Mexico and Chile I-RECs in US dollars, converting to local currencies

Platts, part of S&P Global Commodity Insights, proposes to change the methodology for its Chile and Mexico I-REC assessments, effective Oct. 21.

Under the proposed changes, the Mexico and Chile I-REC assessments would be assessed and published in US dollars. Platts would also publish a conversion of those assessments into local currencies (USD/CLP and USD/MXN).

At present, Platts assesses and publishes prices in local currencies and then publishes a conversion to US dollars.

The proposal is intended to better capture the fundamentals of the Mexico and Chile I-RECs markets, which typically trade in US dollars, and then converted to local currencies if necessary.

Assessments affected by this proposed change are as follows:

Please send all comments, feedback, and questions to global_renewables@spglobal.com and pricegroup@spglobal.com by Sept. 20, 2024.

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.