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Operational

2024/25 Electricity End of Production Year Timeline

This notification provides important information on the key dates that we request System Users (Participants and Registrants) complete tasks to ensure a smooth close to the current electricity Production Year. The electricity 2024/25 Production Year spans from 1 April 2024 – 31 March 2025. As stated in the NZECS System Rules, all transactions associated with the 24/25 Production Year must be completed by the 30th April 2025.

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Guidance

NZ-EC redemption for Scope 3

Recognising the importance of Scope 3 emissions accounting, BraveTrace has extended its guidance on how organisations can use NZ-ECs to address their fuel and energy-related activities classified under Scope 3 Category 3 in the Greenhouse Gas (GHG) Protocol. These activities encompass the indirect emissions associated with the production, transmission, and delivery of fuel and energy purchased by an organisation, which are not accounted for in Scope 2.

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Guidance

New Zealand Energy Certificate System Rules: Gas

This section contains the document that explains the key processes and standards that govern the New Zealand Energy Certificate System (NZECS) for gas.

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Operational

NZECS Fees Schedule (Electricity NZ-ECs)

This schedule describes the NZECS Fees payable to BraveTrace by NZECS Registrants and Participants for electricity NZ-ECs. The fees associated with Energy User activity on the NZECS Registry are charged to Participants. As documented in the Schedule, we reserve the right to create separate pricing for any new services or products offered in the future. This would include the assessment and registration of production device types not currently included within the NZECS Registry.

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Operational

New Zealand Energy Certificate System Rules: Electricity

This section contains both the document that explains the key processes and standards that govern the New Zealand Energy Certificate System (NZECS) – Version 3.1, and the NZECS rule changes decision paper (a high-level summary of changes introduced in the new version of the Rules).

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Guidance

A quick guide to New Zealand Energy Certificates (NZ-ECs)

This document is a quick guide for energy users on the benefits of BraveTrace New Zealand Energy Certificates (NZ-ECs), New Zealand’s premier green product. NZ-ECs enable energy users to prove that they own the renewable attributes of the generation they choose to support, while also generating extra revenue for renewable producers. NZ-ECs allow immediate reportable emissions’ reduction and accelerate the renewable transition.

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User Group

BraveTrace User Group – Slide Pack – December 2024

The Slidepack from the second BraveTrace User Group meeting in December 2024.

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User Group

BraveTrace User Group – Agenda – December 2024

The Agenda from the second BraveTrace User Group meeting in December 2024

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User Group

BraveTrace User Group – Minutes – December 2024

The Minutes from the second BraveTrace User Group meeting in December 2024.

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Guidance

Benefits to Registrants (Renewable energy producers)

Becoming a Registrant with BraveTrace enables you to make the most out of the clean green energy you are producing by ensuring its value in the market is fully recognised. This resource gives you a quick overview of the benefits you can experience as a Registrant in our BraveTrace Network. By registering with BraveTrace as a ‘Registrant’, it enables our system to track the renewable attributes of the energy you produce, so they can be traded in the form of certificates.

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Guidance

The GHG Protocol and dual reporting in New Zealand

The GHG Protocol encourages New Zealand organisations to use dual reporting & the BraveTrace Residual Supply Factor. The Greenhouse Gas Protocol (GHGP) is the most widely used framework for measuring GHG emissions. For New Zealand organisations, adherence to the GHG Protocol’s dual reporting requirements is essential for accurate greenhouse gas (GHG) emissions reporting. According to the protocol, organisations “shall” report their Scope 2 emissions—those related to purchased electricity—using both the Location-Based Method and the Market-Based Method.

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Guidance

BraveTrace NZ-EC Summary Information

In New Zealand, organisations can voluntarily purchase NZ-ECs. As the provider of the NZECS Registry, BraveTrace does not sell energy certificates; we provide the system whereby energy certificates are recorded and tracked. This document provides a quick summary of key topics such as how the system works, the Residual Supply Mix (RSM), fees and costs, simple steps for purchasing NZ-ECs… and more.

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Operational

Rules governing the certification of gas production

This rules set provides the basis for provision of gas certification in New Zealand. This is the preliminary rules version, to be developed over time in conjunction with industry stakeholders.

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Guidance, Operational

Annual Residual Supply Mix (RSM) for Aotearoa New Zealand – PY24

The annual RSM has now been calculated for PY24 (1 April 2023 to 31 March 2024). This was the fifth year in which NZ-ECs were transacted in New Zealand, and the difference of the RSM from the National Supply Mix (NSM) continues to grow in line with growth in the number of transacted NZ-ECs. Read the full publication here.

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Guidance

Information Sheet on New Zealand Energy Certificates (NZ-ECs)

If you would like to get a better understanding of the NZECS and New Zealand Energy Certificates (NZ-ECs) including how they are traded, factors that influence their value, and how they can be captured in your carbon reporting, then please free to read and share our information sheet.

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Guidance

NZECS Participants, Registrants and Energy Users

A description of the roles of a Participant, Registrant and Energy User

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Operational

NZECS Production Year Timeline

This graphic shows the different phases in the Production Year (PY) timeline. The shorthand for a Production Year is ‘PY24’ where end-of-year date is used to indicate the relevant production year. For example, ‘PY24’ refers to the production year that runs from 1 April 2023 to 31 March 2024.

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User Group

BraveTrace User Group Nomination Form

All NZECS Registrants and Participants are invited to nominate a person from their organisation to be a member of the BraveTrace User Group. Please complete the Member nomination details and attach this form to an email addressed to . If you would like to nominate multiple people from your organisation please complete a separate form for each person.

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User Group

BraveTrace User Group Terms of Reference

The purpose of the BraveTrace User Group (User Group) is to provide advice to BraveTrace on the future design and operation of the NZECS, ensuring that it meets the evolving needs of its users (both direct and indirect users of the NZECS), remains consistent with international standards, integrates well with the New Zealand energy market, and leads to impactful energy procurement.

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User Group

BraveTrace User Group – Slidepack, August 2024

The Slidepack from the first BraveTrace User Group meeting in August 2024.

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User Group

BraveTrace User Group – Minutes, August 2024

The Minutes from the first BraveTrace User Group meeting in August 2024.

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User Group

BraveTrace User Group – Agenda, August 2024

The Agenda from the first BraveTrace User Group meeting in August 2024.

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Guidance

How Power Purchase Agreements (PPAs) and the NZECS work together

Power Purchase Agreements (PPAs) are a type of electricity purchase arrangement that reduce consumer price risk and support the development of new electricity generation. In recent years, there has been a notable surge in PPAs amongst New Zealand businesses.

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Guidance

Energy Certificates And Reporting – A Guide Commissioned by NZECS

This report describes the most commonly-used corporate reporting frameworks in NZ, their linkages to each other and their relationship to EACs.

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Operational

Energy User Registry Access Terms

The Registry is an online service managed by Certified Energy, where certificates are transacted and tracked.

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Guidance

The Role of Energy Attribute Certificates in Greenhouse Gas Emissions Reporting

This paper demonstrates the basis for recognition and use of EACs (including NZ-ECs) by parties wishing to purchase renewable energy and reduce their greenhouse gas emissions.

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Operational

Template Sale and Purchase Agreement

We have developed a template Sale and Purchase Agreement that purchasers and sellers of New Zealand Energy Certificates may use.

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Operational

Template Terms of Use

You may access and use the Templates provided by BraveTrace for your own lawful business purposes in accordance with our Terms of Use.

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Operational

System Updates

This page contains periodic announcements related to the operation of the New Zealand Energy Certificate System. Examples of announcements posted on this page include updates to the NZECS registry and production year key dates.

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External

Scope 2 Emissions – is your reporting complete?

KPMG Scope 2 Emissions – is your reporting complete? Whether you are reporting your emissions to comply with the mandatory framework or making voluntary disclosures, if you are an organisation operating in New Zealand and stating compliance with the GHG Protocol Standards, your Scope 2 emissions from purchased energy should be reported under both the…

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External

GHG Protocol Scope 2 Guidance

GHG Protocol Scope 2 Guidance The Corporate Standard requires organizations to quantify emissions from the generation of acquired and consumed electricity, steam, heat, or cooling (collectively referred to as “electricity”). These emissions are termed “scope 2” and are considered an indirect emissions source (along with scope 3), because the emissions are a consequence of activities…

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External

RE100 Technical Criteria

RE100 technical criteria + appendices The RE100 technical criteria are the rules that member companies of the RE100 campaign observe when procuring renewable electricity and defining their progress towards their RE100 targets. The technical criteria may also be used by any corporate buyer as a guide for procurement of renewable electricity and making claims to…

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External

Renewable Energy Reporting: Challenges and opportunities in New Zealand

The purpose of this note is to set out the considerations that organisations in New Zealand should make when evaluating their potential use of renewable energy, through the use of market-based instruments, such as RECs. The introduction of mandatory climate disclosures in New Zealand is encouraging a wider range of organisations to think about the options they have available to help them reduce their emissions footprint. These discussions are bringing the use of RECs into sharper focus for New Zealand organisations.

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External

CDP Technical Note: Accounting of Scope 2 emissions

Many countries’ governments will publish a scope 2 location-based emissions factor for their grid(s). The International Energy Agency (IEA) maintains a list of scope 2 location-based emissions factors.

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