EWEC to Conduct its Q4 2022 Clean Energy Certificates Auction

The CEC scheme provides a key pathway to support carbon emissions reduction in line with UAE Net Zero by 2050 strategic initiative

EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, today announced that it will conduct its upcoming auction for Clean Energy Certificates (CECs) closing on 14 December 2022.

The CEC scheme is a strategic initiative that was introduced by the Abu Dhabi Department of Energy (DoE) which provides Abu Dhabi entities and companies across different sectors the ability to adopt a reliable system that certifies their clean energy consumption claims, and to support the UAE’s transition towards a sustainable, carbon-free economy in line with the UAE Net Zero by 2050 strategic initiative.

Othman Al Ali, Chief Executive Officer of EWEC, said: “With world leaders and key decision makers coming together at COP27 to discuss the implementation of tangible strategic action plans to tackle climate change, EWEC is proudly playing a role through the CEC scheme to decarbonise Abu Dhabi based entities in line with the UAE Net Zero by 2050 strategic initiative. The scheme is attracting an increasing number of Abu Dhabi based entities to embrace the opportunity to support the UAE in achieving its sustainability goals. EWEC encourages all Abu Dhabi entities to participate in our upcoming CEC auction, and to collaborate with EWEC to ensure a prosperous and sustainable future for the country’s future generations.”

CECs are tradable digital certificates issued by the DoE in units of 1 MWh. EWEC plays a key role enabling the implementation of the scheme and being the Single Registrant and auction operator. CECs are currently the only accredited instruments in Abu Dhabi to prove ownership of the environmental and economic benefits achieved by consuming clean energy.

Registration to participate and offer submissions to the upcoming CECs auction are already open and are closing on 14 December 2022. If you would like to track and verify your clean energy consumption, please visit www.ewec.ae/en/CleanEnergyCertificates or contact EWEC’s Clean Energy Certificates team at: CleanEnergyCertificates@ewec.ae

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About Emirates Water and Electricity Company

Emirates Water and Electricity Company (EWEC) drives the planning, forecasting, purchase and supply of water and electricity in Abu Dhabi and beyond. EWEC performs its role as the sole procurer of water and electricity from independent producers, ensuring the short- and long-term balancing of bulk supply and demand for distribution companies. EWEC is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. For more information, please visit www.ewec.ae.

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