General Information
Belpex GCE is the Green Certificates Exchange for anonymous trading in green certificates for the Flemish and Walloon regions, providing the market with a transparent reference price.
Announcement: GCE market suspended
Due to the market circumstances in the Flemish green certificates and CHPC markets and in the Walloon green certificates markets, Belpex had decided to suspend the organization of GCE Trading Days in 2012. Consequently Belpex did not charge a membership fee for the GCE Participants for the year 2012.
The reason for this decision was the expectation of being able to facilitate only a very limited number of transactions due to the market conditions, the result of which would be that Belpex would not have been able to provide a price signal of good quality.
We would like to inform you that the organization of GCE Trading Days will also be suspended in 2013, and the waiver of the GCE membership fee will be prolonged to 2013.
As last year, the suspension of Trading Days on the GCE markets combined with the waiver of the GCE membership fee for 2013 appears to us a good solution to bridge this period of difficult market circumstances while keeping all options open for the future – as partners – and avoids requiring existing Participants to reapply for admission to Belpex GCE if trading sessions will be resumed.
Our intention is to follow up the evolutions on the regional markets during 2013, such as the expected changes on the Walloon market and the impact of the recent changes on the Flemish market, and to take a final decision about the future of the GCE platform end of 2013.
Together with you, we hope the GCE platform will still have a bright future after 2013. Belpex therefore welcomes any feedback you may have that might help us take the best decisions next year.
We trust having informed you properly and remain at your disposal for any feedback or questions you may have.
Yours sincerely,
Rob Loos
Belpex Account Manager