The essential steps to participate in the RED BP
- If you have traded on the Biomass Exchange with a RED BP tag, indicate which raw materials (type and country of origin) were used to produce the biomass fuel when validating your quality reports. This information is transferred to the RED BP system.
The RED BP system can be accessed at RED BP Biomass Sustainability System. Participants can log in to the system with the same email address as when logging in to the Electronic Trading System (ETS). The first login requires a password to be created by clicking on the “Password reminder” button.
In the RED BP system, you have to keep a record of the origin of the raw materials used for biomass fuel production, which you have to obtain from the primary owners of the raw material. A list of the required documents of origin per type of raw material is available here: Information to be declared.
You can always check which raw materials and from which countries you can use to supply biomass under RED BP transactions here: Countries of import and feedstock types.
IMPORTANT: If you enter into a raw material purchase transaction through an intermediary instead of directly with the primary owner of the raw material, the first step is for the intermediary to register the purchase of the raw material from the primary owner of the raw material in the RED BP system and to transfer to you the corresponding quantity of units of raw material via the RED BP menu item “Transfers”.
You can conveniently view all information on the balances, shortages and other actions you need to take to fulfil your RED BP obligations under the RED BP menu item “Summary”.
Biomass for which no information on the origin of the raw materials used for production is required in the RED BP
If you supply biomass certified under Voluntary International Sustainability or forestry schemes, and the fuel quantity and quality reports include certificates, the accuracy of these data is ensured by the operators of the respective scheme. Therefore, no information on the origin of the biomass needs to be provided in the RED BP.
Deadlines for submitting information to the RED BP system
Paragraph 58 of the Rules for Centralised Trading in Biomass Fuels stipulates that participants must submit sustainability information no later than 30 calendar days after the end of the reporting period (i.e. the calendar month). This year is the first year of reporting for participants, so we have so far been flexible in terms of reporting deadlines and have provided assistance to participants in submitting raw material origin data to the RED BP system.
Please note that information for 2023 on the origin of raw materials used for biomass production must be fully declared in the RED BP system by 31st January 2024.
Consequences of non or incorrect submission of information to RED BP:
In case of non-compliance with the obligations related to the participation in the RED BP scheme (failure to declare the information on the origin of the raw materials used for biomass production to the RED BP system within the deadlines), the Operator may apply the measures provided for in the Regulation, including:
warning the participant;
oblige the Participant to remedy the detected infringements;
restrict the Participant’s right to trade on the Exchange in one or more products (i.e., until the Participant remedies the breaches, the Participant will not be able to enter into any new transactions with the RED BP tag).
If you have any questions, you can always contact BALTPOOL Customer Service.
Phone: +370 5 239 3163
E-mail: [email protected]