Biotickets (TIRUERT, IRICC, RED, KVO, THG, HBO)

The TIRUERT mechanism is a retranscription of the European directive (Directive (EU) 2018/2001). This directive is still valid today. It is valid until at least the end of 2024.

The renewable electricity or renewable hydrogen certificate is a wild card in the TIRUERT market.
It is therefore invaluable to obligees, but also available. The market price therefore depends on market conditions for other products (biofuel diesel and gasoline), but also on how buyers have secured their supplies.

We sell certificates all year round. The important thing is to sell at the best price, which can vary according to demand for other historical products such as biofuels, but also the supply of electrical energy certificates and hydrogen. We monitor prices on a daily basis.

For the years 2022 and 2023: To date, there is nothing to prevent you from selling 2022 certificates over the 2023 period, provided you have registered before January 15, 2023.

This risk exists in any energy market, and is all the greater in the case of biofuels. We structure our offers to give you maximum flexibility in terms of the quantities of renewable energy to be delivered in the time available.

Today, this risk is low because the volume of certificates is itself low, so buyers have complete control over this risk, since they can always hedge. The more time passes, the greater the risk on the buyer’s side.

In the event of a default, this scenario can be very costly. If the seller defaults on a contract, the buyer can ask him to return to the market to buy certificates or by paying off the TIRUERT fine. GREENEA is always in a position to respond to offers, given our vendor base.

No one stands to gain from this scenario. GREENEA will always work with you to prevent this from happening, just as we do with our customers in the biofuels sector, who are subject to the same risks of non-issuance. GREENEA will never enter into contracts with sellers whose risk of non-delivery is deemed too great.

EV generic case

Up to 15% more income

EV direct connection case

Up to 80% more income

H2 electrolysis generic case

Up to 30% more income

H2 direct connection

Up to +100% more income

Very simply by notifying the Director of Energy. If you’d like to enter this market, we can help you get started.

The buyers are the obligated parties: All petrol and diesel station distributors are obliged to purchase certificates or physical renewable solutions. They can sell certificates if they incorporate more renewable energy than their obligations, which rarely happens and tends to be at the end of the accounting period.

Sellers – Electric recharging players: Only those players who have the financial capital (i.e. recharging stations, recharging infrastructures) and public access to recharging stations are concerned. They are vendors only. They don’t need to incorporate renewable energy and can resell all their incorporated renewable energy (minimum 24.9%) to buyers. So they have the advantages of the obligatory without the disadvantages.

Sellers – The case of players producing and/or distributing renewable hydrogen in stations: They are a priori sellers and are not subject to the constraints of obligatory suppliers in the same way as electric rechargers.

Terminal connected to the French grid without PPA or guarantee of origin

Terminal connected directly to renewable energy sources

PPA contract
(Power Purchasing Agreement)

Production via electrolyser using energy from the French power grid or direct connection

Generation using technology in compliance with Article L. 811-1 of the French Energy Code

PPA contract or guarantee of origin (Power Purchasing Agreement)

Low-carbon hydrogen as defined by European legislation

The TIRUERT is a mechanism introduced in article 266 quindecies of the French Customs Code. This mechanism de facto creates a market in which obligated parties (most often oil companies and distributors of road and aviation fuels) must meet targets for the incorporation of renewable energy.

The TIRUERT market is a renewable energy market for road and air transport. On the one hand, producers of renewable energy for transport can find new outlets in the transport sector, and on the other, players who have exceeded their targets can sell their energy in the form of certificates, including for a fee.

How is this market regulated?
The French government, in line with European legislation, sets the targets for incorporation, which are revised upwards each year. If obligated parties are unable to meet their targets, they have to pay a penalty, the price of which is generally much higher than the price of renewable transport fuels. With targets increasing every year, it’s becoming harder and harder for obligated parties to meet their targets, so they have to turn to certificate sellers.

How big is the market in France?
Around 120 PJ of renewable energy or around 35,000 GWh of renewable energy in transport.