Argus Renewable Gas and Power

Europe

• European electricity guarantees of origin (GOOs).
• UK renewable energy guarantees of origin (REGOs).
• Biomethane RGGOs — Germany, UK, France, Denmark, Netherlands.
• Bundled physical biomethane and renewable electricity.
• Equivalent compliance carbon pricing.
• Multiple vintages, feedstocks and carbon intensity scores.
• Bio-LNG and renewable fuel tickets.

Asia-Pacific

• Australia Large Scale Generation Certificates (LGCs).
• China Green Electricity Certificates (GECs).
• International Renewable Energy Certificates (I-RECs):
• Singapore, Malaysia, India, Vietnam, Thailand.
• Multiple vintages and technologies.

Americas

• International Renewable Energy Certificates (I-RECs):
• Mexico, Brazil, Chile.
• US Renewable Thermal Certificates (RTCs).
• California Low Carbon Fuel Scheme (LCFS).
• Oregon Clean Fuels Programme (CFP).
• Brazil biomethane.
• Brazil CBIOs.

REC markets are shaped by multiple interconnected components, including Factors Influencing REC Pricing and Market Dynamics, regulatory frameworks, and corporate demand for renewable energy claims. Pricing is driven by supply availability, policy changes, generation mix, and regional demand across both voluntary and compliance markets. These dynamics vary significantly across regions, reflecting different REC Market Types, Trading, and Price Volatility.

A key part of market integrity is REC Retirement and Compliance Processes, where certificates are retired in official registries to ensure they cannot be reused. This underpins credible sustainability reporting and supports accurate REC Accounting and Renewable Energy Claims, allowing corporates to demonstrate renewable electricity consumption in line with recognised standards.

It is also important to understand the Distinction Between RECs and Carbon Offsets and Their Uses. RECs relate to tracking renewable energy generation and consumption, while carbon offsets represent emissions reductions or removals and are used for broader carbon strategies.

Given the fragmentation of global certificate schemes, corporates rely on transparent insights into REC Market Data and Regional Market Structures. Argus Renewable Gas and Power provides independent pricing, market data, and analysis across global certificate markets, helping participants navigate trading activity, assess price risk, and make informed procurement decisions.

RECs are tradable instruments that represent proof that one megawatt-hour of electricity has been generated from a renewable source such as wind or solar. They enable consumers and suppliers to claim renewable energy consumption.

Argus tracks a wide range of energy attribute certificates globally, providing transparent pricing and market insight across schemes including GOOs, REGOs, I-RECs and national certificate systems.

REC pricing is driven by several key data points, including:

• Supply availability by technology and region
• Regulatory requirements and compliance demand
• Corporate procurement activity and ESG commitments
• Power market fundamentals and generation mix

Argus integrates transaction data, bids, offers, and broader market intelligence to produce representative price benchmarks and forward-looking analysis, supporting informed decision-making across both voluntary and compliance markets.

Corporates typically procure RECs through:

• Spot purchases to meet near-term targets
• Forward contracts to secure future supply
• Long-term power purchase agreements

These transactions may take place via brokers, exchanges or bilateral agreements. Argus pricing and market analysis help buyers and sellers benchmark procurement decisions and optimise trading strategies.

Reliable REC market data is critical in a fragmented and often opaque market. Argus Renewable Gas and Power offers:

• Independent price benchmarks across global certificate markets
• Daily news and analysis on policy, supply and demand
• Coverage spanning voluntary and compliance schemes

The service enables corporates, traders and producers to track trends, benchmark contracts and support decision-making in renewable energy markets.

REC price volatility varies by region and is influenced by:

• Changes in government policy or subsidy regimes
• Fluctuations in renewable generation capacity
• Shifts in corporate ESG demand
• Interactions with broader power and carbon markets

Global differences in regulatory design and liquidity mean that markets such as Europe, the US, and emerging regions can respond very differently to similar drivers. Argus analysis highlights these regional dynamics and their impact on prices.