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White Certificates

How does white certificates work?

How does white certificates work?

The White Certificates system (Titoli di Efficienza Energetica – TEE), is an Italian initiative established in 2005 to promote energy efficiency.

Each certificate represents a saving equivalent to one ton of oil equivalent (TEP).

The Energy Services Manager (GSE) acknowledges a certificate for each TEP saved through the energy efficiency project. The certificates are then issued by the Energy Markets Manager (GME) in accordance with GSE directives.

White certificates are negotiable and can be traded on the market platform managed by the GME or through bilateral agreements, with their value determined during trading sessions.

What are the legal obligations for energy providers?

The white certificates system requires energy suppliers (electricity and natural gas) to achieve primary energy savings. These entities can fulfill these obligations either by investing directly in energy efficiency projects or by purchasing certificates from eligible organizations.

Suppliers must meet annual targets based on the energy savings achieved through the energy efficiency project. These targets consider interventions related to white certificates issued for High-Performance Cogeneration (CAR), sustained savings beyond the project’s useful life, and efficiency initiatives under D.M.106 of 20/05/2015.

Voluntary participation

The white certificates system extends beyond energy suppliers to include voluntary participants. These participants are typically Energy Service Companies (ESCo) or companies that employ certified Energy Management Experts (EGE). These entities voluntarily undertake interventions to reduce their energy consumption and, in return, receive white certificates.

Are White Certificates compatible with other programs?

Are White Certificates compatible with other programs?

Although white certificates cannot be combined with other incentive mechanisms or certain state aids, they are eligible for local, regional, and community funding, such as POR FESR funds. White certificates are also compatible with access to guarantee funds, revolving funds, contributions with interest rates, corporate income tax exemptions, and, since January 1, 2020, tax credits for the purchase of machinery and equipment.

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