Platts to launch UAE I-REC assessment, Nov. 2

Platts, part of S&P Global Energy, will launch United Arab Emirates international renewable energy certificate price assessments, effective Nov. 2, 2026.

The daily I-REC price assessment will reflect spot deliveries of certificates, representing a minimum volume of 1 GWh, for prior-year and current-year vintages, rolling to the next vintages at the start of each calendar year.

Platts initially proposed to launch these assessments in a subscriber note published Sept. 21 .

The launch is in response to market feedback calling for greater price transparency and more granularity in the UAE I-REC market. The assessments will also complement Platts' existing offerings in the Middle East region.

Platts will launch the following assessments:

The assessments will reflect the following specifications:

• Volume: Minimum volume: 1 GWh
• Vintage: Current-year and Previous-year, rolling on Jan. 1
• Technology: Solar
• Pricing unit: USD/MWh
• Conversion unit: Eur/MWh
• Frequency: Daily
• Timestamp: 16:30pm London close
• Holiday Calendar: UK holiday calendar.

These assessments will be published in the REC Daily and European Power Daily, as well as fixed pages CLE2213, ETA2213, and EVA2213.

Further details on Platts renewable certificate assessment specifications can be found here .

Please send all comments, feedback, and questions to Global_Renewables@spglobal.com and pricegroup@spglobal.com.

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.