VEEC: VEECs trading largely mirrored action seen in recent weeks with low volumes changing hands in both the spot and forward markets.

After opening the week at $108.00, spot traded sideways before softening to close the week at $107.75.

This downwards curve was indicative of the forward market with a forward strip of 5k parcels for October 2024 – December 2024 trading at the same price.

While pricing remains stable in what has been a largely volatile year for VEECs, the quiet nature of trading is reflective of the low levels of liquidity the market has experienced over the same period while market participants are seeking to expand their certificate creation opportunities.

STC: STCs were again quiet, while the clearing house entered a surplus on Wednesday and remains in a surplus.

ESC: It was another challenging week for ESCs with both the spot and forward markets continuing to reach new lows.

In the forwards, Monday saw a strip of 10k parcels traded for September 2024 – October 2024 at $13.80, before rallying somewhat with a 10k parcel for December 2024 trading slightly up at $14.00 later that day.

Meanwhile the spot market continued its downward trend, first trading at Monday’s opening at $13.75 in 10k then down to $13.50 in 30k on Tuesday and remaining quiet for the remainder of the week.

Registrations held steady with 197k over the previous 7 days.

LGC: A relatively quiet week for LGCs saw low volumes changing hands across vintages, before the spot and CAL24 markets found support later in the week.

On Monday, CAL25, CAL26 & CAL27 vintages all traded sideways, before CAL27 slid to $30.60 in 5k on Tuesday then sideways again in 5k on Wednesday.

After opening at $44.50, spot was quick to bounce back – first trading up to $44.80 in 10k, then again in 10k up to $45.00 and this was supported through the remainder of the week with a series of 10k-20k trades.

Meanwhile, the CAL24 market saw a series of parcels exchanged at $46.00 totalling 125k on Thursday – up from $45.75, following sideways movement earlier in the week.

ACCU: The ACCUs market was again active with both the Generics and Human-induced Regeneration (HIR) seeing action.

Spot (No AD) started the week a step lower at $34.90 in 5k before trading up to $35.05 in 10k. This trend continued on Tuesday, with a 10k parcel at $35.25 in 10k and then up again in a series of 10-25k parcels to $35.50, where it settled and remained. The premium for (No AD) was reflected with the generic spot trading up from its week’s opening of $34.90 to finish the week at $35.40.

Meanwhile, on the HIR front, spot traded sideways at $35.40 in 25k on Monday before staying quiet for the rest of the week.

Finally, the lion’s share of the action in HIR forwards was on Monday with a strip of 25k/quarter parcels (total 100k) for March 2025 – December 2025.

PRC: In an unusually quiet week, there were no reported trades since 28/08, following a period of extremely high liquidity as market participants anticipate the publishing of the latest Peak Demand Reduction Scheme Rule.

See below for pricing updates for each certificate.

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).