Renewable certificate prices fall despite looming shortfall, as some suggest retailers may choose to pay penalty price rather than make new investments.
Oversupply took its toll on the VEEC market in February with the forward market in particular breaching the lower end of its recent range.
Impact of decision of some liable parties to pay penalty rather than meet RET obligation felt in February – although the extent of this was lost in subsequent political volatility. Meanwhile, project commitments continue to flow.
A late 2016 recovery in Australia’s large-scale renewable market has been followed by yet another series of troubling events.
The period of steady declines in the VEEC price appears to have passed – at least for now – with November appearing to confirm the pricing range established in October.
No substantive changes to the demand/supply equation in Australia’s renewable energy market in November.
The seeds of a VEEC market recovery planted in September flourished across October, with major price increases on large trading volumes. Meanwhile, has the ESC market found a new normal?
The first trades in 2019 LGCs raised some eyebrows, as did the continued activity in the STC market.
September proved a bumpy month for the Victorian energy efficiency market, but ultimately it marked the first significant monthly recovery this year.
Large scale renewable energy certificates nearly reach $90/MWh mark as shortfall looms for national target.