Argus launches new Netherlands renewable fuel ticket prices
New prices reflect updated renewable fuel blending mandates
The country is gearing up to implement the latest update to the EU's Renewable Energy Directive (RED III) and is switching over from mandating a specific share of renewable energy in transport to an overall emissions savings mandate.
As a result, Argus' daily assessments will track
Argus Media chairman and chief executive
Argus has launched six separate assessments based on
Biofuels markets have evolved a long way since the launch of the Argus Biofuels report in 2008, and Dutch compliance has become a staple of European biofuels trade. It is central to Argus' efforts to support the changing nature of spot trade as well as to provide benchmarks for the growing derivatives markets.
The new Argus ERE assessments, in place of its HBE prices, join similar Argus price assessments for
Renewable fuel tickets are used by companies which bring liquid or gaseous fossil fuels into general circulation and are obligated to pay excise duty/energy tax on fuels. Obligated parties are mainly importers and oil companies with storage and blending facilities.
These tickets are primarily generated through the blending of renewable fuels into fossil fuels, with various additional tickets, including those from renewable electricity sold into transport. Tickets are traded and can be bought to meet renewable fuel blending targets.
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About Argus Media
Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.
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Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.
Founded in 1970, Argus remains a privately held
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