The lifecycle of an EACs is as follow:

  1. Production of renewable electricity by a qualified and registered power plant of an EACs system (i.e. EECS, I-REC, …)
  2. Issuing of an EACs (based on 1 MWh). The EACs contains usually information on the name/identification of the power plant, the location, the year of commissioning (YOC), the energy type and source, a unique identifier number for each EACs (based on 1 MWh) and the production time/period as well as information regarding support.
  3. Trade – each EACs can be electronically traded separately cross border from the physical flow by counterparts (producer, trader, utilities, companies, …) within the EACs system, in which they are issued.
  4. Redemption/Cancellation – In order to claim the renewable energy produced by a power plant, the EACs have to be redeemed/cancelled either by the utility, which delivers the green energy, or by an end consumer (depends on the system and national regulations). It is highly recommended to be as specific as possible for a unique identification of the redemption/cancellation purpose. I. e. to state a certain green energy tariff, used by utility, if feasible to specify a certain industrial consumer (please be aware of local laws and recommendation).