Market Update | 19 June 2026

• NSW government announces 0% interest $15,000 in loans for electrification & renewables
• Report confirms 1.5 degree tipping point to arrive within four years at current emissions

NSW Government launches Home Energy Saver Program.

This week, the NSW government announced it’s latest investment in the clean energy transition, the Home Energy Saver Program (HESP). Delivered by finance partners Brighte and Plenti, the program offers 0% interest loans up to $15,000 with a 10-year term and zero customer fees. The initiative is aimed to help installers close more jobs by eliminating upfront cost objections, with finance partners paying providers in full upon job completion.

To access this finance, applicants must meet the following baseline requirements:

• • Residency: Must be an Australian citizen or permanent resident living in NSW.

  • Income Cap: Combined household taxable income must not exceed $210,000 per year.

  • Property Ownership: Must be an owner-occupier or landlord (social housing and short-stay properties are excluded).

  • Vetted Installers: Installations must be completed by a Brighte-accredited, NETCC Approved Seller.

Eligible hardware can be bundled into a single loan package and includes:

• • Solar PV and batteries

  • Electric Vehicle (EV) chargers

  • Hot water heat pumps

  • Reverse cycle air conditioning (efficient heating and cooling).

For information on how to get accredited, please contact Ecovantage’s Account Management Team.

CCCS reports global warming has increased temperatures to 1.37^oC.

In a sobering reminder of the importance of the need to accelerate the transition towards a decarbonised future, the European Union’s Copernicus Climate Change Services (CCCS) has revealed that human activities pushed long-term global warming to 1.37°C in 2025, with the Earth accumulating heat at an accelerating rate.

Driven by record greenhouse gas levels, the current rate of human-induced warming stands at 0.27°C per decade, meaning the Paris Agreement’s 1.5°C threshold could be breached in roughly four years.

To read the report in full, please click here.

Weekly Market Update | 15 – 19 June 2026

Large-Scale Generation Certificates (LGCs)

A bumper week in LGC trading saw over 2.5m certificates exchanged, as the recent resurgence continued apace. Wednesday’s session was the standout, as 1.425m LGCs were transacted, pushing prices across vintages above the $5.00 level. While spot fell slightly on Thursday, gains across all vintages were maintained to close the week between $5.00-$5.15.

The LGC price revival in recent weeks appears to be largely driven by speculation of an anticipated policy change after news broke of the collapse in power station registrations, resulting in a 75% decrease from 2025 to 2026. This has led to concerns that, while solar residential uptake is reaching new heights with support from a stable and healthy STC price, this comes in stark contrast to the commercial and industrial sector.

Plagued by outdated targets that have resulted in plummeting LGC prices, projects reaching final investment decision have severely faltered, as the business case is no longer supported by LGCs. For more, click here to read last week’s article from Ecovantage CEO, Aaron Jenkins.

Victorian Energy Efficiency Certificates (VEECs)

The VEEC market drifted downwards this week, as healthy creation volumes continue to drive strong supply. Spot traded downwards consistently throughout the week to close at $84.25. Meanwhile, a 10k/month forward strip for July-November 2026 transacted on Thursday at $86.00 to maintain the upwards forwards curve.

As is routine in the lead-up to the end of the financial year, when VEEC vintages expire for activities completed in the previous calendar year, Accredited Persons (APs) are racing to avoid losses for their 2025 activities. This has seen a steep increase in the volume of certificates created in June, with over 368,000 certificates created to date. This continues May’s trend, with over 533,000 VEECs created – a 23% increase on April’s volumes.

It remains to be seen whether the market will adjust in the second half of the year, as supply is expected to soften – this will likely be compounded, should the VEU move forward with the proposed changes to the program’s sole major activity, Activity 6 (High Efficiency Air Conditioning). The changes include increases to minimum co-payments and caps to the incentives awarded for multi-head split systems due to concerns of market misconduct, such as oversizing.

Energy Saving Certificates (ESCs)

ESCs were more subdued this week, as their recent rebound failed to gain further ground, as prices remained steady across thin trading volumes. Interest in the spot was muted, as it fell away slightly to close at $30.00, down from Monday’s opening of $30.25. While there was renewed interest in the forwards market after a quiet couple of weeks, pricing softened with parcels for late 2026 and early 2027 first agreed at $31.05, then $30.75.

Weekly registrations were above the 100,000 level for consecutive weeks at 117,000, as an ACP registered 110,000 certificates after completing an audit. This comes as last week’s registration volumes were driven by another non-routine large-batch registration via the Metered Baseline Method. 

It appears that future ESC volumes will remain dependent on these non-routine registration events until policy change is introduced to provide sufficient support and market signals for meaningful activity volume.

Peak Reduction Certificates (PRCs)

Movement in the PRC market again failed to materialise with the spot and forwards markets both largely trading slightly down. Spot softened from Monday’s opening of $3.60 to close at $3.50, meanwhile forwards for late-2026 were initially down, before stabilising in the latter half of the week to close between $3.56-$3.60.

Strong registrations from two ACPs drove healthy weekly registration volumes at 686,000, a stark increase on prior weeks. Activity is expected to remain subdued, as ACPs anticipate the proposed expansion of the Peak Demand Reduction Scheme’s activities, slated to be introduced in the second half of 2026.

Australian Carbon Credit Units (ACCUs)

ACCUs were quiet again, as the Generics broke the $38.00 level on Thursday, where it remained throughout the remainder of the week. This represents its highest point since November 2025, when pricing peaked at $38.60.

The review of the ACCU scheme is underway, due to be finalised by the end of 2026.

Small-Scale Technology Certificates (STCs)

At Ecovantage, we consistently analyse market activity, policy changes, consultation releases, and creation rates in conjunction with wider landscape activity. This allows us to keep our clients at the forefront of all relevant changes, and to leverage the advantage that this presents. Thank you for your continued support, and please reach out if you have any general or project-specific questions.