The ERE market: how are prices determined?

ERE credits are traded on a market where supply and demand determine the price. What Joulo customers receive on average is 12.9 cents per kWh (net), based on our realised sales.

Why is demand rising?

The emission reduction obligation for fuel suppliers is rising sharply in the coming years:

- 2026: 14.4% - 2027: 17.2% - 2028: 20.3% - 2029: 24.1% - 2030: 28.4%

This means companies need to buy more credits each year. The expectation is that this supports the price.

Types of ERE credits

In the new system several ERE types exist:

- ERE-E (Electricity) • created by registering electricity for transport - ERE-R (RFNBO) • for renewable fuels of non-biological origin - ERE-G (Advanced) • for advanced biofuels - ERE-C (Conventional) • for conventional biofuels - ERE-B (Annex IX-B) • for biofuels based on Annex IX, part B - ERE-O (Other) • for specific waste streams or crops

For home chargers, ERE-E is the relevant category.

From HBE to ERE

At the conversion on 1 May 2026, each HBE is converted into 46 ERE.