What is the product
1 ERE = 1 kg CO₂-equivalent chain-emission reduction
An Emission Reduction Unit is a tradable proof that CO₂ was saved somewhere in the transport chain. Not every ERE is the same: they are grouped by sector (road, sea, inland shipping) and source (biofuel, electricity). 11 ticket types in total. Read the basics.
Ticket types
Not every ERE is equal
S&P Global Platts has assessed nine ticket types since November 1, 2025. LRE-E (electric road transport) is traded separately • this is the ERE that Joulo registers for you.
| Code | Sector | Source | Indication May 18, 2026 |
|---|---|---|---|
| LRE-A | Land • road (fuel) | Advanced • Annex IX-A (waste & residues) | €0.490 – €0.505 |
| LRE-IXB | Land • road (fuel) | Annex IX-B • used vegetable & animal oils | €0.390 – €0.420 |
| LRE-C | Land • road (fuel) | Conventional • food & feed crops | €0.420 – €0.445 |
| LRE-O | Land • road (fuel) | Other • remaining biofuels | market-indicative |
| LRE-E | Land • road (electric) | Electricity • home & semi-public charging | €0.485 – €0.505 |
| ZRE-A | Maritime | Advanced • Annex IX-A maritime | €0.1075 – €0.120 |
| ZRE-E | Maritime | Electricity • shore power & electric shipping | €0.1075 – €0.125 |
| ZRE-O | Maritime | Other • remaining maritime biofuels | market-indicative |
| BRE-A | Inland shipping | Advanced • Annex IX-A inland shipping | market-indicative |
| BRE-B | Inland shipping | Annex IX-B • inland shipping | market-indicative |
| BRE-O | Inland shipping | Other • inland shipping | market-indicative |
Prices are market indications (euros per kg of CO₂ equivalent) and move daily. Source: S&P Global Platts assessments and recent OTC bids.
Demand side
Who buys ERE's
Under RED III, fuel suppliers must prove that a growing share of their sales is renewable. Anyone falling short tops up by buying EREs.
Fuel suppliers
Oil and gas companies, terminal operators and blenders. Mandated under the Dutch Environmental Management Act • Regulation on energy for transport.
Bunker suppliers & shipping companies
Maritime suppliers and inland-shipping operators with their own RED III obligation for shipping.
Trading desks
Energy traders and commodity-trading desks holding positions on behalf of compliance clients.
Rising obligation
Renewable obligation grows from 14.4% (2026) to 28.4% (2030). Demand for EREs grows with it.
Supply side
Who sells ERE's
Anyone proving emission reductions and registered as an inboekdienstverlener with the NEa. The official register currently holds a few dozen parties.
Aggregators of charging sessions (LRE-E)
Registered service providers like Joulo bundle thousands of home-charging connections into tradable lots. A single driver yields around 700 kg CO₂e per year • a tradable lot is 1 million kg or more.
Biofuel producers (LRE-A/B/C/O)
Production facilities for advanced biofuels (Annex IX-A), UCO derivatives (Annex IX-B), conventional biofuels and other residues.
Maritime & inland-shipping operators (ZRE/BRE)
Shipping companies and bunker suppliers achieving emission reductions in their own fleet or for clients through biofuels, methanol or LBG.
Market infrastructure
No exchange • but an ecosystem
Trading happens OTC between buyer and seller, often through a broker. The following ecosystem makes the market work.
NEa register
Official ledger of registrations and transfers. Every traded ERE moves through a transfer record in the NEa system. Joulo B.V. is on the official list of registered service providers.
S&P Global Platts
Has published daily price assessments for nine ERE ticket types since 1 November 2025. London 16:30 close, in euros per kg of CO₂ equivalent. Vintages: current-year (Jan–Dec), previous-year (Jan–Apr of the following year), next-year (Nov–Dec). Source.
Brokers
Including SFI Green Markets. Brokers connect supply and demand, publish weekly market updates and facilitate bilateral transactions.
Traders
Trading desks at energy companies handle ERE volumes alongside their existing fuel and power positions. Example: Eneco Trade, which holds RED III credits next to gas and electricity for compliance purposes of its own clients and third parties.
Independent verifiers
Audit of the underlying emission reduction. Joulo partners with Capptions for the audit trail.
Prices • May 18, 2026
What an ERE is worth right now
Weekly market indications from OTC bids and S&P Platts assessments. No fixed price • daily fluctuation.
LRE-A • advanced biofuel
Bid
€0.490
Offer
€0.505
per kg CO₂e
LRE-E • electric road transport
Bid
€0.485
Offer
€0.505
per kg CO₂e
≈ 16.1 – 16.8 ct/kWh per kWh charged (gross)
LRE-E history
mid €/kg CO₂eElectric road transport • Joulo's product. Line = mid, band = bid–offer spread.
Source: S&P Global Platts assessments and recent OTC bids. Other ticker types are shown with their latest indication in the table above.
Standard transaction terms
Lot size 1–3 million kg CO₂e • payment and transfer in Q1 of the following year • vintage must match the agreed delivery. Volumes outside this range are normalised to the base.
Joulo's role
We sell on your behalf
You charge at home. We handle registration, the audit, the sale and your payout.
Aggregation into tradable lots
Your ~700 kg CO₂e per year is bundled with that of thousands of other drivers into lots of 1 million kg or more • that way we fit the standard market.
Sale at market price
We benchmark against Platts and competing broker offers. No fixed price • we sell when the market is strongest within the transfer window.
Quarterly payout
Proceeds paid into your account every quarter • net of service fees (20% standard). Cancel annually.
Behind the trades
Who sells your EREs?
Harm Oosthoek
Head of Trade
“I track the market daily and only sell when the price is right. Not on an exchange, but directly through brokers, in large volumes at a time. What we sold, and at what price, is in the ledger per sale.”
Harm spent over seven years as a trader at Flow Traders, Europe's largest liquidity provider and market maker in ETFs and futures. At Joulo every sale runs through him • and every sale is published in the open sales ledger.
For buyers and partners
Looking for LRE-E volume?
Joulo aggregates the supply from thousands of Dutch EV drivers into tradable lots. Fuel suppliers, compliance buyers and trading desks can contact us directly for offers, indications or an intro call.
Frequently asked
Market & trading
Put your kWh to work in the market
Joulo trades on behalf of thousands of drivers and pays out every quarter. Signing up takes 5 minutes.