<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Meilin Wu, Author at Northmore Gordon</title> <atom:link href="https://northmoregordon.com/author/m-wu/feed/" rel="self" type="application/rss+xml" /> <link>https://northmoregordon.com/author/m-wu/</link> <description>Energy Efficiency Consultancy Company</description> <lastBuildDate>Tue, 18 Aug 2026 02:36:20 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=7.1.3</generator> <image> <url>https://northmoregordon.com/wp-content/uploads/2020/05/favicon-150x150.png</url> <title>Meilin Wu, Author at Northmore Gordon</title> <link>https://northmoregordon.com/author/m-wu/</link> <width>32</width> <height>32</height> </image> <item> <title>Beyond annual matching: The evolution of time-stamped RECs</title> <link>https://northmoregordon.com/articles/beyond-annual-matching-the-evolution-of-time-stamped-recs/</link> <dc:creator><![CDATA[Meilin Wu]]></dc:creator> <pubDate>Tue, 18 Aug 2026 02:36:18 +0000</pubDate> <category><![CDATA[Articles]]></category> <category><![CDATA[Certificates]]></category> <category><![CDATA[RECs]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Singapore Electricity Market]]></category> <category><![CDATA[VEECs]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=32868</guid> <description><![CDATA[<p>For more than a decade, Renewable Energy Certificates (RECs) have underpinned global renewable electricity procurement. By purchasing RECs equivalent to their annual electricity consumption, organisations can demonstrate that an equivalent amount of renewable electricity has been generated and supplied to the grid, supporting commitments under RE100, the Science Based Targets initiative (SBTi), the GHG Protocol...</p> <p>The post <a href="https://northmoregordon.com/articles/beyond-annual-matching-the-evolution-of-time-stamped-recs/">Beyond annual matching: The evolution of time-stamped RECs</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>.</p> ]]></description> <content:encoded><![CDATA[ <p class="wp-block-paragraph">For more than a decade, Renewable Energy Certificates (RECs) have underpinned global renewable electricity procurement. By purchasing RECs equivalent to their annual electricity consumption, organisations can demonstrate that an equivalent amount of renewable electricity has been generated and supplied to the grid, supporting commitments under RE100, the Science Based Targets initiative (SBTi), the GHG Protocol and other voluntary renewable electricity frameworks.&nbsp;</p> <p class="wp-block-paragraph">But one question is gaining attention:&nbsp;</p> <p class="wp-block-paragraph"><strong>Does it matter when renewable electricity is generated?</strong><strong></strong>&nbsp;</p> <p class="wp-block-paragraph">Increasingly, the answer is yes.&nbsp;</p> <p class="wp-block-paragraph"><strong>From annual matching to hourly matching</strong><strong></strong>&nbsp;</p> <p class="wp-block-paragraph">Traditional REC procurement is generally based on annual volumetric matching for Scope 2 emissions from electricity. A company consuming 10,000 MWh of electricity during a calendar year purchases 10,000 MWh of RECs generated within the same year.&nbsp;</p> <p class="wp-block-paragraph">While this approach has successfully driven demand for renewable energy, it does not distinguish between when renewable electricity is generated and when it is consumed.&nbsp;</p> <p class="wp-block-paragraph">For example, electricity generated by a solar farm at noon can be matched against electricity consumed at midnight under annual accounting. Although the annual renewable volume matches, this approach does not show whether renewable electricity was available at the time it was consumed, nor does it necessarily encourage renewable investment during peak demand periods.&nbsp;</p> <p class="wp-block-paragraph">Time-stamped RECs aim to address this gap.&nbsp;</p> <div style="height:25px" aria-hidden="true" class="wp-block-spacer"></div> <p class="wp-block-paragraph"><strong>What is a time-stamped REC?</strong><strong></strong>&nbsp;</p> <p class="wp-block-paragraph">Time-stamped RECs, sometimes referred to as granular certificates or hourly energy attribute certificates, include a generation timestamp. This allows electricity consumption to be matched with renewable generation on an hourly—or potentially sub-hourly—basis.&nbsp;</p> <p class="wp-block-paragraph">Rather than asking:&nbsp;</p> <p class="wp-block-paragraph">“Did I buy enough renewable electricity this year?”&nbsp;</p> <p class="wp-block-paragraph">companies can begin asking:&nbsp;</p> <p class="wp-block-paragraph">“Was renewable electricity available when I was actually consuming power?”&nbsp;</p> <p class="wp-block-paragraph">This provides a clearer picture of how closely renewable generation aligns with electricity demand.&nbsp;</p> <div style="height:25px" aria-hidden="true" class="wp-block-spacer"></div> <p class="wp-block-paragraph"><strong>Why is this gaining attention now?</strong><strong></strong>&nbsp;</p> <p class="wp-block-paragraph">The move towards time-based matching is being driven by several factors.&nbsp;</p> <p class="wp-block-paragraph">First, corporate sustainability programs are becoming more sophisticated. Many organisations that have achieved annual renewable electricity targets are now looking for ways to demonstrate higher-quality procurement.&nbsp;</p> <p class="wp-block-paragraph">Second, emerging industry initiatives—including discussions within the Greenhouse Gas Protocol review process, the Science Based Targets initiative and Climate Group’s work on 24/7 carbon-free energy—are increasingly recognising the importance of temporal matching.&nbsp;</p> <p class="wp-block-paragraph">While requirements are still evolving, the direction of travel is towards greater transparency over when renewable electricity is generated.&nbsp;</p> <p class="wp-block-paragraph">Finally, advances in metering and data systems are making hourly accounting more practical. Renewable generation and electricity consumption can now be tracked at much finer intervals than was previously possible.&nbsp;</p> <div style="height:25px" aria-hidden="true" class="wp-block-spacer"></div> <p class="wp-block-paragraph"><strong>Recent developments</strong><strong></strong>&nbsp;</p> <p class="wp-block-paragraph">The GHG Protocol published its feedback summary from the first public consultation on 29 July 2026. Hourly and regional matching, in the form proposed, received relatively low stakeholder support.&nbsp;</p> <p class="wp-block-paragraph">A second consultation is expected later in 2026, with a final standard projected for 2027 and implementation potentially beginning in 2028.&nbsp;</p> <p class="wp-block-paragraph">This is significant because the market had expressed concern that hourly matching could make annual I-RECs non-compliant for Scope 2 market-based reporting. The stakeholder response provides more time for the current instrument regime and may reduce the near-term risk of declining demand for annual I-RECs.&nbsp;</p> <p class="wp-block-paragraph">EnergyTag has also published a Taiwan-specific analysis examining the country’s potential pathway towards sub-hourly matching.&nbsp;</p> <p class="wp-block-paragraph">Taiwan currently issues monthly T-RECs despite having 15-minute metering capability. This suggests that a move towards granular or hourly certificates is technically achievable and aligned with the country’s policy direction.&nbsp;</p> <p class="wp-block-paragraph">Taiwan could therefore become an early mover in 24/7 renewable electricity matching in Asia, ahead of any future requirements adopted by the GHG Protocol.&nbsp;</p> <div style="height:25px" aria-hidden="true" class="wp-block-spacer"></div> <p class="wp-block-paragraph"><strong>What we are seeing in the market</strong><strong></strong>&nbsp;</p> <p class="wp-block-paragraph">Australia’s time-stamped Renewable Electricity Guarantee of Origin certificates, or REGOs, will also recognise renewable electricity discharged from energy storage. This may allow renewable electricity generated earlier to be matched with periods of peak electricity demand.&nbsp;</p> <p class="wp-block-paragraph">Leading multinational companies are beginning to pilot time-stamped RECs in selected markets before considering wider implementation.&nbsp;</p> <p class="wp-block-paragraph">Selected Asian markets are emerging as early pilot locations, supported by sophisticated electricity markets, widespread interval metering and a concentration of regional corporate headquarters.&nbsp;</p> <p class="wp-block-paragraph">This reflects where the market currently stands. Annual RECs remain the dominant procurement instrument, but forward-looking organisations are exploring how time-of-generation data available through existing mechanisms could strengthen future sustainability reporting and renewable energy strategies before fully time-stamped RECs become widely available.&nbsp;</p> <div style="height:25px" aria-hidden="true" class="wp-block-spacer"></div> <p class="wp-block-paragraph"><strong>What does this mean for renewable energy markets?</strong><strong></strong>&nbsp;</p> <p class="wp-block-paragraph">Time-stamped RECs are not necessarily a replacement for conventional RECs, but they may represent the next stage in their evolution.&nbsp;</p> <p class="wp-block-paragraph">Adding temporal information creates new market signals by highlighting when clean electricity is abundant and when it is scarce. Over time, this could encourage greater investment in technologies that improve hourly matching, including battery storage, flexible demand response and complementary renewable generation.&nbsp;</p> <p class="wp-block-paragraph">For energy buyers, there is no immediate need to replace existing REC procurement programs. Rather, this is an opportunity to understand how procurement expectations are evolving and prepare for a future in which renewable energy claims may increasingly consider not only how much renewable electricity is purchased, but also when it is generated.&nbsp;</p> <p class="wp-block-paragraph">As corporate decarbonisation strategies mature, time-stamped RECs are likely to become more relevant for organisations seeking more transparent and credible renewable electricity procurement.&nbsp;</p> <p class="wp-block-paragraph">Contact Northmore Gordon to learn more about how renewable electricity purchasing is evolving and what time-stamped RECs could mean for your procurement and reporting strategy.&nbsp;</p> <p class="wp-block-paragraph"></p> <p>The post <a href="https://northmoregordon.com/articles/beyond-annual-matching-the-evolution-of-time-stamped-recs/">Beyond annual matching: The evolution of time-stamped RECs</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>.</p> ]]></content:encoded> </item> <item> <title>Korea Renewable Energy Policy Update &#8211; June 2026 </title> <link>https://northmoregordon.com/news/korea-renewable-energy-policy-update-june-2026/</link> <dc:creator><![CDATA[Meilin Wu]]></dc:creator> <pubDate>Mon, 06 Jul 2026 03:31:15 +0000</pubDate> <category><![CDATA[News]]></category> <category><![CDATA[IRECs]]></category> <category><![CDATA[Korea]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=32604</guid> <description><![CDATA[<p>Overview&#160; We wanted to share a 2026 market update on recent legislative developments in Korea&#8217;s renewable energy sector that are relevant to the International Renewable Energy Certificates (IREC) business.   In May 2026, Korea’s National Assembly advanced legislation to abolish the Renewable Portfolio Standard (RPS), signalling a significant shift in how the country supports renewable energy...</p> <p>The post <a href="https://northmoregordon.com/news/korea-renewable-energy-policy-update-june-2026/">Korea Renewable Energy Policy Update &#8211; June 2026 </a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>.</p> ]]></description> <content:encoded><![CDATA[ <p class="wp-block-paragraph"><strong>Overview</strong>&nbsp;</p> <p class="wp-block-paragraph">We wanted to share a 2026 market update on recent legislative developments in Korea&#8217;s renewable energy sector that are relevant to the International Renewable Energy Certificates (IREC) business.  </p> <p class="wp-block-paragraph">In May 2026, Korea’s National Assembly advanced legislation to abolish the Renewable Portfolio Standard (RPS), signalling a significant shift in how the country supports renewable energy development. While this move is not directly targeted at IREC policy, it reflects the broader direction of Korea’s energy transition and is relevant context for the work we are pursuing together. We set out the key details below.&nbsp;</p> <p class="wp-block-paragraph"><strong>Abolition of the Renewable Portfolio Standard (RPS)</strong>&nbsp;</p> <p class="wp-block-paragraph">The most significant development is a legislative move to dismantle Korea’s Renewable Portfolio Standard, which has been the primary mechanism for renewable energy deployment since 2012. Korea’s Climate, Energy, Environment and Labor Committee approved a substitute bill on 19 May that would replace the obligation-based K-REC trading system with a centrally&nbsp;procured, long-term contract model. Under the proposed framework, the government would pre-determine&nbsp;auction volumes, run competitive tenders, and award long-term contracts to selected developers.&nbsp;</p> <p class="wp-block-paragraph"><strong>Transition Arrangements for Existing K-REC Operators</strong>&nbsp;</p> <p class="wp-block-paragraph">The proposed legislation includes provisions to manage the transition for operators currently active under the RPS framework. Those&nbsp;operating&nbsp;before the law takes effect would be&nbsp;permitted&nbsp;to issue and trade K-RECs for a remaining period of up to 20 years. The K-REC spot market would also be phased out gradually over a three-year grace period, with a transition to a contract-based market.&nbsp;</p> <p class="wp-block-paragraph"><strong>What this means for IREC in Korea</strong>&nbsp;</p> <p class="wp-block-paragraph">While these are encouraging signs of policy momentum, we note that the legislative process is still ongoing and no confirmed timeline has been provided by Korean policymakers in respect of IRECs.&nbsp;We&nbsp;are&nbsp;monitoring&nbsp;these developments closely as the IREC legislation advances.&nbsp;Should you have any&nbsp;interest for&nbsp;I-RECs or renewables in general in Korea, please reach out to Meilin Wu&nbsp;<a href="mailto:m.wu@northmoregordon.com" target="_blank" rel="noreferrer noopener">m.wu@northmoregordon.com</a>.&nbsp;</p> <p class="wp-block-paragraph"></p> <p>The post <a href="https://northmoregordon.com/news/korea-renewable-energy-policy-update-june-2026/">Korea Renewable Energy Policy Update &#8211; June 2026 </a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>.</p> ]]></content:encoded> </item> </channel> </rss>