European Commodity Clearing (ECC) has one separate settlement account for the three products, Nordic Hydro, Alpine Hydro and Wind, at the Finnish registry for Guarantees of Origin (GoOs), which is run by Grexel. These accounts serve as custodial accounts for all GoOs traded on EEX. Grexel is connected to the hub of the Association of Issuing Bodies (AIB), hence, GoOs can be transferred from and to all other national registries connected to AIB. All trading participants have internal sub-accounts within the clearing system at ECC, which are used to settle their trades.

A GoO seller on the derivatives market will have to deliver the sold GoOs to the ECC registry account at Grexel shortly before expiry. They will then be booked internally by ECC. At the time of delivery, the GoOs will be delivered from the seller’s ECC sub-account to the buyer’s ECC sub-account. All transactions are executed anonymously. ECC is the Central Counter Party for both the seller and the buyer. For more details on the delivery process, please contact ECC.

EECS Codes

Nordic Hydro Power

Country of origin

EECS
Code

Domain
Code

Techno-
logy

EECS
Code

Fuel:
EECS Code

National support

EECS
Code

Denmark

02

DK

water power (Hydro-electric head installation)

T030000; T030100; T030200; T030300, T030400

F01050200

none

0

Finland

30

FI

Norway

08

NO

Sweden

31

SE

 

Alpine Hydro Power

Country of origin

EECS
Code

Domain
Code

Techno-
logy

EECS
Code

Fuel:
EECS Code

National support

EECS
Code

Germany

01 for the Institute for Applied Ecology (Öko-Institut),
no EECS-Code for UBA

DE

water power (Hydro-electric head installation)

T030000; T030100; T030200; T030300, T030400

F01050200

none

0

Austria

12

 AT

Switzerland

32

 CH

 

Northern Continental Europe Wind Power

Country of origin

EECS
Code

Domain Code

Techno-
logy

EECS
Code

Fuel:
EECS Code

National support

EECS
Code

Belgium

34,29,33

BEB, BEF, BEW

Wind

T020000; T020001; T020002

F01050100

national support available

0, 1, 2, 3, 4

Denmark

02

DK

Germany

01 for the Institute for Applied Ecology (Öko-Institut),
no EECS-Code for UBA

DE

The Netherlands

07

NL