What we’re reading

GHG Protocol revision updates

• InfluenceMap published an assessment of how major tech companies are engaging in the Scope 2 revision process. The report highlights diverging corporate positions and recommends more robust guidance on market-based accounting and hourly matching. Tech firms play an outsized role in shaping Scope 2 reforms today. There is a strong push for more transparent, high-quality market-based accounting, and there remains industry disagreement on the role of hourly matching.
• EnergyTag shared a comprehensive guidebook to support stakeholders preparing feedback for the GHG Protocol Scope 2 consultation. If you want to contribute but don’t have time to wade through the technical documents of the Greenhouse Gas Protocol (GHG Protocol) proposed Scope 2 updates, this is your shortcut. It helps you understand what’s changing and why it matters for your organisation, and grasp how hourly and locational accounting can better reflect real grid impact. Quickly craft your own feedback with clear, ready-to-use language.
• The GHG protocol extended the deadline for Scope 2 and Electricity Consequential accounting public consultations deadline until until 31 January 2026.

UK supplier carbon intensity analysis reveals stark differences

• A recent EnergyTag analysis shows wide variation in the real-time carbon intensity of UK power suppliers. They found significant differences between suppliers even when offering “100% renewable tariffs”, but correlation-based and hourly data reveal hidden emissions. This highlights the need for more robust and transparent supplier claims.

Granular certificate (GC) markets continue scaling: insights from first US auction

• LevelTen Energy released results from the first US GC auction. Below is a summary of a few top-line findings: RECs traded in the $30s, a premium to PJM compliance RECs that are facing headwinds (and much higher value than cheap existing unbundled voluntary RECs). As auctions continue, pricing is expected to evolve to truly differentiate the easier- ($) and harder-to-decarbonise ($$$) hours, creating market signals & extra earning opportunities. Going forward, LevelTen will host monthly spot auctions, with forward auctions coming soon. They will focus on increasing match potential and refining the platform's pricing signals with each cycle.
• This GC trading activity provides a clear signal from both sides of the market: buyers are expressing increasing demand for individual GCs in PJM, while sellers are actively trading to determine appropriate price levels for their supply.

Financial Times analysis on how corporate demand is reshaping clean energy markets

• The Financial Times published a piece on how renewable penetration and corporate demand are reshaping electricity markets, highlighting the growing role of granular data and 24/7 procurement models.
• They state that corporate clean energy appetite increasingly influences market design, and there is a growing need for more granular energy data and flexibility.

What we’re writing

New blog: hourly matching in practice series - part 4

• In our latest release, and the final part of the series, we outline the practical steps organisations can take to begin hourly matching. We also share insights from utilities and corporates already implementing it — their motivations, the products they are developing, and how end consumers are using and responding to these offerings.

Granular Energy formally approved as an ESNA

• Granular Energy has been formally approved as an Exempt Supply Notification Agent (ESNA) by Elexon, following our Participant Approval Board meeting on 27 November 2025.
• This approval marks an important milestone in our journey to support the UK's transition to transparent, traceable renewable energy supply. As an ESNA, we can now enable generators to supply power directly to consumers through License Exempt Supply (LES) arrangements, helping customers avoid major policy levies whilst supporting local clean generation.

We won an industry award 🎉

• We’re thrilled to share that Granular Energy has received IKN Italy Utility Award, recognising our work on Guarantees of Origin (GOs) and Hourly Matching and bringing greater transparency and trust to the energy market.

Where to meet us in the coming weeks?

• GHG Protocol Scope 2 Consultation Cram Session by EnergyTag on January 21st 2026. An opportunity to ask all your questions for your response to the GHGP consultation. Sign up here.