LGC: LGCs witnessed moderate volatility in the spot price opening the week at $47.00 before softening to $46.75 as the week came to a close. Despite the gentle fall, LGCs remain in an upward trajectory from March. Forwards vintages remained strong trading out to 2026.

ACCU: This week ACCUs witnessed elevated volatility opening at $32.50, peaking to $33.75 before softening to $33.00 at the close of the week. Volatility for ACCUS is sitting above 2% with minor movements in the forward for mid 2024.

PRC: This week PRCs opened strong at $1.90 before dipping towards the end of the week to $1.70 after limited market activity. Despite a fall in the spot price, PRCs remain in an upward trend for the month with weekly creation for PRCs reaching above 532k.

See below for pricing updates for each certificate.

VEEC: This week VEECs continued in an upward trajectory with the spot trading at $95.00 on Thursday, with an increase of 1.06% from the weeks opening price. This comes as the VEU gazetted its ban on telemarketing and door-knocking amid continued low creation. The weekly creation totalled just shy of 68k, falling well below the weekly average of 136k to reach the annual target.

STC: STCs maintained a strong front for the spot price with no shift in position from the weeks opening. The clearinghouse remains in a deficit, now positioned at 934k.

ESC: ESCs continued their decline for the month as the spot price fell below $21.00 this week, trading at a low of $20.10. Forwards traded out to December at $21.50 early in the week before softening with the spot price’s new low. While ESC prices continue in a downward trend, ESC creation remains high this week with over 241k ESCs created.

As Australia’s largest Accredited Certificate Provider (ACP), Ecovantage maintains strong market analytics to keep our partners and clients on top of the certificate market. Below is the current spot price tracking and price charts across the federal and state energy certificates.

Pricing and summary is accurate as of the time of publishing. Pricing and charts are automatically generated daily.
Ecovantage is not liable for any errors or changes in the figures provided.

Victorian Energy Upgrades Program (VEU)

Victorian Energy Efficiency Certificates (VEECs) are credits issued under the Victorian Energy Energy Efficiency Target (VEET) scheme for eligible energy upgrades, from large commercial and industrial sites down to individual homes. The quantity of VEECs issued is based on the amount of calculated greenhouse gas emissions avoided through the upgrade.

NSW Energy Savings Scheme (ESS)

Energy Savings Certificates (ESCs) are a tradable certificate issued for electricity, gas, and other energy savings that result from a technology upgrade or modification.

ESCs are created under the New South Wales Government’s Energy Savings Scheme (ESS) and are available only to projects within the state. ESCs are used as a market-based mechanism to increase the implementation of energy efficiency measures, and are able to be created for projects within large industrial sites down, all the way down to residential properties.

Federal Renewable Energy Target (RET)

Large-Scale Generation Certificates (LGCs) are created to quantify renewable energy that has been generated through solar, wind, hydro, and biomass projects. This is done under the Renewable Energy Target, known as the RET.

Each LGC represents one megawatt hour of renewable energy, and one LGC may be created for each MWh of actual energy generated by the project.

These LGCs act like a stock that can be traded to gain a financial benefit, or surrendered to claim the renewable energy benefit.

Federal Emissions Reduction Fund (ERF)

Australian Carbon Credit Units (ACCUs) are an Australian based carbon credit that can be created as a result of activities that avoid or remove greenhouse gas emissions.

Each ACCU is representative of one tonne of carbon dioxide having been removed, or avoided, by the eligible activity.

Peak Demand Reduction Scheme.

Peak Reduction Certificates (PRCs)

Australia’s Most Versatile ACP.

Ecovantage specialises in creating, trading, and supplying all energy certificates, including VEECs. We assist you in balancing the financial and environmental scales for each project. 

Ecovantage provides an end-to-end service, from site audits and project management, through to generation and monetisation of the created certificates. 

The treatment of certificates is based on the financial and carbon goals of each organisation. The options available are presented with their relevant outcomes on both fronts, to ensure your decision is an informed one. Ecovantage generates and trades certificates as an authorised provider through the Independent Pricing and Regulatory Tribunal (IPART).