A Central Registry is the Heart of a Market

Like a living organism, an environmental commodities and rights market can be operational only if it has all the vital organs in place and in good condition. The most important of these is the central registry, where the tradables are issued, traded and cancelled. Without it, the pulse of the market would be lost in no time.

The central registry is used to track the ownership of e.g. Guarantees of Origin, green certificates, emission allowances or other objects with complex structures, rules and relationships. The registry provides central banking services under the supervision of a competent body or issuing body responsible for the functioning of the market.

Grexel provides central registry systems based on our technology platform, Grexel Certification Framework (GCF) as customized solutions or as a service.

More about CMO.grexel - Central registry service for Guarantees of Origin and European Energy Certification System (EECS)

Grexel Certification Framework – A Customizable Registry Platform

An environmental market needs robust technology to be operational, reliable and trustworthy. At the very core of a market is the central registry, keeping track of ownership and all transactions taking place on the market. All Grexel registries are based on our GCF-platform. It incorporates our long experience from different markets starting back in 2001 when the European energy certificate market first saw daylight. The platform was completely recoded from scratch in 2008-2009. Since then, it has been continuously updated and enhanced to meet the growing requirements of market participants, issuing bodies and other stakeholders. Today GCF facilitates the issuance of over 200 million certificates and trading worth more than 1 billion euro on an annual basis.



CMO.grexel - Off-the-Shelf Registry Service

CMO.grexel, Grexel's central registry service for Guarantees of Origin, is currently used in 5 countries. CMO.grexel is a cost-efficient registry software service, which doesn't require an investment from the customer, and with an easy-to-use interface for market actors and complete support from Grexel. The CMO.grexel service is, and will remain, 100 % European Energy Certificate System (EECS) compliant without causing any extra cost or effort to the customer.

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GECCO – Grexel’s Environmental Commodity Clearing Office

Today, environmental commodities are deposited and managed in different registries creating a multifaceted matrix of demands for the assets’ owners and portfolio managers. Grexel’s Environmental Commodity Clearing Office, GECCO, is a banking service that streamlines the management of environmental assets by enabling account holders to keep and transact several kind of commodities, certificates, credits and allowances in a single, secure, easy to use and affordable system.

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CASE: NECS - Norwegian Certificate Registry

The Grexel-built Norwegian Energy Certificate System, NECS, was launched at the end of 2011. The registry is powered by Grexel and it enables the trading and handling of two types of certificates: renewable energy guarantees of origin within the EECS and the Norwegian-Swedish support system's green support certificates (elcertificates).

The NECS registry was developed based on Grexel Certification Framework (GCF) and was specially customized to meet the customer requirements of the Norwegian issuing body Statnett. It is an easy-to-use, web-based user interface for Norwegian market actors and allows the issuance, transfer, cancellation, expiration and withdrawal of certificates; registration and management of account holders, production devices and users; and all the required functionalities to facilitate a preeminent certificate system.

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Case: Luxembourg - A Simple Solution to a Complex Problem

Institute Luxembourgeois de Régulation was designated by the government as the competent body for guarantees of origin for renewable electricity and electricity disclosure. One of its key tasks was to implement a central registry system that is internationally connected and compliant with the national legislation, EU Directives, as well as international standards.

An IT project of this caliber usually translates into a schedule of more than a year, a six to seven digit budget and a nervous breakdown. ILR, however, wanted to solve the problem without an IT project and chose CMO.grexel, a registry service from Grexel. CMO.grexel enabled them to deploy the guarantee of origin market within a few months and with a transparent cost structure for users. They also did not have to worry about connections to registries in other countries, because CMO.grexel was already connected. Nor did staying compliant with the EECS® standard cause any gray hair or extra bills, because compliance was included in the service contract.

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