Agriculture, Energy Transition, Electric Power, Biofuels, Renewables, Emissions

October 28, 2026

Platts to launch German THG-RFNBO ticket assessments Nov. 9

Platts, part of S&P Global Energy, will launch daily assessments for German THG-RFNBO tickets, effective Nov. 9, 2026.

This decision follows Platts' revised proposal published Oct. 19 and market feedback supporting an earlier launch. It also reflects demand for independent price transparency as Germany's THG-RFNBO market develops.

The assessments will reflect transferable greenhouse gas reduction quota generated under Germany's Renewable Fuels of Non-Biological Origin sub-quota, introduced under the RED III legislation. Liquidity in Germany's RFNBO market has increased since legislation introducing the sub-quota took effect in June 2026.

The assessments will complement Platts' existing suite of German THG assessments, including THG-Other, Annex IX-B, Conventional and Advanced Single Counting tickets.

Under Section 2(3) of Germany's 37th Federal Immission Control Ordinance (37. BImSchV), RFNBOs are defined as electricity-based liquid or gaseous fuels whose energy content is derived from renewable energy of non-biological origin. The quota is generated by supplying eligible RFNBOs to the German transport sector.

The assessments will reflect a 4:30 pm London market close and will be published in euros per gigajoule, following the Platts UK publishing schedule.

Platts will assess:

  • the previous-year vintage from the first UK publishing day of January through June 1, or the preceding UK publishing day if June 1 is not a UK publishing day;
  • the current-year vintage throughout the calendar year; and
  • the next-year vintage from the first UK publishing day of November through the last UK publishing day of December.

The assessments will reflect transfer and payment in the first quarter of the year, in line with prevailing market practice. Pricing information reflecting other terms may be considered and normalized to the assessment basis.

The assessments will reflect a minimum volume of 500 GJ following market feedback. Smaller volumes may be considered and normalized to the assessment basis.

Please submit any feedback, comments or questions to platts_biofuels@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.