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Working Group
about TEE

Energy Efficiency Certificates (TEE, also called white certificates) were established by the Decrees adopted by the Ministry of Productive Activities in consultation with the Ministry of Environment and Land Protection on 20 July 2004 (Ministerial Decree of 20 Jul. 2004 on electricity, Ministerial Decree of 20 Jul. 2004 on gas), as subsequently amended and supplemented by the Ministerial Decrees of 21 Dec. 2007, of 28 Dec. 2012 and of 11 Jan. 2017, the latter specifying national quantitative targets of energy efficiency improvement for the 2017-2020 four-year period.


Gestore dei Mercati Energetici (GME) issues TEE to: i) parties referred to in art. 7 of the Ministerial Decree of 28 December 2012 and in art. 5 of the Ministerial Decree of 11 January 2017(*) on the basis of the achieved energy savings that Gestore dei Servizi Energetici – GSE S.p.A. (GSE) reports to GME pursuant to applicable dispositions. GME also issues TEE referred to certificates of type II, which give proof of energy savings obtained in high-efficiency combined heat & power (or cogeneration) plants (CAR). These savings are certified by GSE in compliance with the Decree of the Minister of Economic Development of 5 Sep. 2011.

TEE (each of which is worth 1 toe) are distinguished into the following types, according to Ministerial Decree of January 11, 2017:

  • Type I, certifying the achievement of primary energy savings through projects reducing final electricity consumption;
  • Type II, certifying the achievement of primary energy savings through projects reducing natural-gas consumption;
  • Type III, certifying the achievement of savings of forms of primary energy other than electricity and natural gas and not used for transport;
  • Type IV, certifying the achievement of savings of forms of primary energy other than electricity and gas in the transport sector.

Electricity and natural-gas distributors may achieve their energy efficiency improvement targets both by implementing energy efficiency projects (and gaining TEE) and by purchasing TEE from other parties. GME organises and manages:
 

  •  the venue where TEE are traded (Energy Efficiency Certificates Market - MTEE) in compliance with the Rules of Operation of the Energy Efficiency Certificates Market (adopted by AEEG’s Decision no. 67 of 14 Apr. 2005 and subsequently amended and supplemented.

    In the MTEE, with the “unified (**)” operating mode:
    • distributors buy TEE, if the savings achieved through their projects lie below their yearly target and they thus have to buy the missing TEE in the market in order to fulfil their obligation;
    • distributors sell TEE, if the savings achieved through their projects exceed their yearly target and they may thus make a profit by selling their surplus TEE in the market;
    • other eligible parties/companies may sell the TEE that they have obtained through independent projects, as they are not required to fulfil any obligation and may thus make a profit by selling their TEE in the market;
    • all the parties admitted to the market may sell and purchase TEE.
  • the TEE Register, i.e. the electronic database of energy efficiency certificates consisting of ownership accounts, composed of two sections on which GME records: i) in the first, the number of TEE issued in favour of the account holder with the indication of the relevant type; ii) in the second, the total number of TEE held by the account owner, without any indication of the type (“unified (**)” operating mode), consisting of all TEE issued by GME in favor of the account owner as well as those resulting from trading on the market or by bilateral negotiation, or those that are subject to blocking, withdrawal or cancellation operations. The provisions governing the TEE Register are contained in the Rules for registering bilateral transactions of energy efficiency certificates (approved by AEEG’s Decision EEN 5/08 of 14 Apr. 2008 as subsequently amended and supplemented.

Pursuant to Article 11, paragraph 2, of the Ministerial Decree dated 11 January 2017, the costs incurred by the obliged electricity and natural gas distributors - in compliance with the individual obligations to increase energy efficiency - are covered by the mechanism for the recognition of the tariff contribution, defined by ARERA so as to reflect the price trend of white certificates identified on the TEE market, as well as recorded on bilateral trading, if less than 250 euro, defining a maximum recognition value. The rules for defining the tariff contribution are defined by ARERA pursuant to Resolution 487/2018/R/EFR.


(*)

The Ministerial Decree of January 11, 2017 establishes that the parties that can implement energy efficiency projects are:

  • i) “obliged parties”: a) electricity distributors who, at the date of 31 December of two years prior to the considered year of obligation have more than 50,000 final customers connected to their distribution network; b) natural gas distributors who, at the date of 31 December of two years prior to considered year of obligation have more than 50,000 final customers connected to their distribution network;

  • companies controlled by obliged parties or controlling obliged parties, pursuant to art. 1, paragraph 34, of Law no. 239 of 2004 and subsequent amendments;

  • electricity and natural gas distribution companies not subject to the obligation;'

  • public and private parties who/which, during the established period, are in possession of a certification in accordance with UNI CEI 11352, or have appointed a certified energy management expert in accordance with UNI CEI 11339 or are in possession of a certified energy management system in accordance with ISO 50001.



(**)
  • Article 16, paragraph 3 of Ministerial Decree of January 11, 2017 states that: White Certificates may be subject to free negotiation between the parties, i.e. trading on the market organized by GME, unified for all types of TEE, in accordance with procedures defined by the ARERA.

 

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