A Grid-Connected Electricity Providers (Devices) send their power to the electricity-grid that is comingled with other providers. When you use (and thus purchase) electricity from the grid, you are getting electricity from multiple sources. I-TRACKs are an independently tracked, validated, and verified mechanism for certifying 1 MWh of a specified electricity source / type. Purchasing I-TRACKs allows you to claim the Market-Based emissions profile of that electricity source / type. Simultaneously, this allows project owners to sell these certificates, adding an additional source of revenue to their project and operations. I-TRACKs are also known as Energy Attribute Certificates (EACs) or Guarantees of Origin. Through the use of I-TRACKs, end-users around the world can make reliable claims about their energy usage such as: “my factory runs on 100% renewable energy”, “our products are made with 100% wind energy” and “our global electricity usage causes zero end-of-pipe emissions”. Without the use of EACs such as I-TRACKs, it would be impossible to make these reliable claims because electricity is not a tangible product that can be boxed and sent from the producer to the consumer.

Essentially, all grid-connected electricity systems (i.e. production or generation facility) are eligible to receive I-TRACKs for each MWh that they produce. First, the 'Device' facility (i.e. the power plant) itself needs to be registered (by a ‘Registrant’). After the Device facility has been approved by the accredited local Issuer, then the Registrant can request for I-TRACKs to be issued for a specific production period. The Issuer will validate and verify the production data. Once this is approved, I-TRACKs are provided and sent to the Registrant's Participant Account (i.e. an account holder relevant for holding, transferring, or redeeming I-TRACKs) or they can be sent to a third-party's Participant Account directly at the time of issuance.

The I-TRACK Foundation specifically partners and accredits local entities in each country to implement and manage the I-TRACK Standard. These entities are called “Issuers” and are responsible for reviewing and approving the registration of production 'Devices' (e.g. a solar plant), while also validating, verifying and issuing the I-TRACK Certificates themselves. Three Pillars Consulting is proud to be the accredited local Issuer working with and on-behalf of the I-TRACK Foundation for the Omani Market. As the accredited local Issuer, Three Pillars Consulting is not involved in the generation of its own power / electricity nor the sale or brokering of I-TRACK Certificates.

• Device Application Fee = 0 Euros / Application
• Device Registration Fee (First 5 Years) = 1000 Euros / Device
• Device Registration Fee (< 3 MW) = 500 Euros / Device
• Device Registration Fee (< 1 MW) = 100 Euros / Device
• Device Registration Fee (< 250 kW)* = 0 Euros / Device
• Device Renewal Fee (Every 5 Years) = 500 Euros / Device
• Issuance Fee = 0.025 Euros / MWh
• Issuance Fee for Self-Consumption = 0.0350 Euros / MWh
*No fees if the I-TRACK Issuer is provided with direct access to digital meter readings through an API or similar mechanism

If your company would like to have a 'Participant' account with I-TRACK for holding I-TRACKs, transferring I-TRACKs to other Participant accounts, and/or redeeming I-TRACKs, then the below fees would additionally apply. Please note that you do not have to have a Participant account. For example, if you already have an off-taker identified (i.e. another company that will buy your I-TRACKs), then I-TRACKs could be sent directly to their account at the time of I-TRACK issuance, meaning that your company does not have to open a Participant account nor have to pay the below fees.
• One-Time Account Opening Fee = 500 Euro / Application
• Annual Account Fee = 2000 Euro / Account
• Redemption Fee = 0.06 Euro per MWh

Three Pillars Consulting is the accredited local Issuer for I-TRACKs in Oman. Accordingly, we are tasked with registering Devices and issuing I-TRACKs. We do not take consulting fees for I-TRACK Device Registrations or Issuance of I-TRACK Certificates nor engage in the brokering (i.e. sale) of the I-TRACKs themselves. If you are interested in learning more, please contact us below.