• CER’s Quarterly Compliance Update for June Quarter 

• CEC Advocates for Data Centres to Surrender Mandatory LGCs 

• Certificate Market Prices & Commentary

CER’s Quarterly Compliance Update for June Quarter.

The CER had just released their compliance update for the April to June quarter, highlights are as follows:

STCs:

• • All liable entities met the statutory deadline (28 April) to surrender Q1 STCs, marking five straight quarters without shortfalls.
  • The CER launched an AI image-analysis tool to check geotagged, timestamped photo evidence of required safety labels on solar battery setups. Transparency statements can be viewed here.
  • Strict Enforcement & Banned Retailers:
    • 21 companies were permanently suspended after being deregistered by ASIC.
    • A solar retailer faces up to a 3 year ban for lying about uninstalled or incomplete solar systems to claim STCs prematurely.
    • Selfie Verification Fraud: Installers and registered agents were warned that using fake or misleading “onsite selfies” to claim STCs will result in enforcement actions.

Australian Carbon Credit Units (ACCUs):

• • Increased Audit Quality: The Clean Energy Regulator (CER) is increasing audit strictness to ensure carbon reduction figures are completely accurate.
  • Strict Application Requirements: Applications are frequently delayed by missing details around legal rights, consent, abatement math, mapping, and land eligibility.
  • Incomplete Files: The CER will refuse to review incomplete applications and will put repeat offenders under extra scrutiny or question their capability to manage projects.

If you have any questions surrounding compliance requirements on your certificates please do not hesitate to reach out. At Ecovantage, we make complex compliance easy for action.

CEC Advocates for Data Centres to Surrender Mandatory LGCs 

With data centres driving a massive surge in electricity demand, the Clean Energy Council (CEC) has submitted a proposed policy framework to the Australian Government. Through its proposed Flexible Contracting Framework (FCF), the CEC suggests mandating the surrender of Large-scale Generation Certificates (LGCs) and Renewable Electricity Guarantee of Origin (REGOs) certificates. This would serve as a temporary bridge for energy usage not yet covered by data centres’ ‘on-the-build’ renewable energy projects offtakes.

Ultimately, this approach aims to ensure that while new clean energy infrastructure is being built, data centres actively support the grid without driving up electricity costs for households and businesses. In the light of the LGC prices softening that stalls feasible for smaller commercial projects, Ecovantage supports the initiative to stimulate the much needed market demand.

More on the CEC proposal here.

Weekly Market Update | 29 June – 3 July 2026.

Large-Scale Generation Certificates (LGCs)

The LGC spot market has shown an overall upward trend this week. The week opened with prices at $5.00 to a peak of $6.00 on Thursday before closing the week to $5.85 on Friday. 

Price increases were also recorded across the forward market before flattening toward the end of the week.

Near-dated vintages (CAL26, CAL27, and CAL28) led the rally with upward movements of $0.70 to $0.95 per certificate. Following a mid-week surge, Thursday saw a mild correction from peak levels where CAL26 settled at $5.75 (8.49% increase from its opening), while CAL28 closed at $5.75 (9.52% above its opening). Meanwhile, CAL27 increased 13.64% from Monday to settle at $6.25, longer dated vintage, CAL29 consolidated at $5.50 (at a 10.00% increase from opening), and CAL30 remained flat with no trades reported prior to settling at $5.50.

Victorian Energy Efficiency Certificates (VEECs)

VEEC spot shows a 1.40% increase this week, rising from an early low of $82.35 on Monday to close at a week high of $83.50. After opening Monday with trades between $82.50 and $83.00, spot prices dipped slightly, trading to $82.35. However, trading resumed on Thursday with prices steadily climbing through the afternoon from $82.80 up to $83.25, before closing the week’s spot activity at $83.50.

Forward contracts mirrored the positive momentum of the spot market while showing higher premium for longer-dated delivery terms. On Wednesday, Sep-26 trades and Dec-26 trades both cleared at $82.90. On Thursday, near-dated forward strips for Aug-26 and Sep-26 jumped to $83.50 (matching late spot levels). Market closed on Friday with a 10k trade for Jan-27 at $84.15 signaling strong market confidence in VEEC valuations across later delivery dates.

Energy Saving Certificates (ESCs)

Spot ESC prices experienced a slight upward trend across the second half of the week, rising from $28.60 on Wednesday to settle at $28.75 by Friday, marking a net increase of 0.52% or $0.15. Activity opened on Wednesday with two trades totaling 15,000 holding steady at $28.60.

Prices increased again by Thursday, with a 10k trade clearing higher at $28.75. That level firmed through Friday, closing out the week with a larger 14k trade. No activities reported in the forward market. 

ESC creation levels has dropped by 30% this week compared to last with 3,835 certificates created. With iPart’s most recent announcement of capping multi-head splits, the market is anticipating further clarification from the government on how supply will be supported.

Peak Reduction Certificates (PRCs)

The PRC spot market experienced light activity, recording a single trade during the week at $3.05. Forward trading mirrored this tone, with one near-dated Nov-26 contract clearing at $2.95, while a more modest volume parcel for Apr-27 locked in lower at $2.85. In light of recent government announcements introducing new activities to boost certificate supply, market participants maintain anticipation of further regulatory clarity from IPART before committing to forward positions.

PRC creations tripled this week reaching a total of 103k certificates registered with the majority of creations coming in from BESS2 activity. With the new activities starting September 1st, we are currently in waiting to obtain the accreditation to create BESS1,3,4&5. If you have any questions surrounding the latest BESS activity, please see our Bess Storage & VPP Incentives page.

Australian Carbon Credit Units (ACCUs)

ACCU spot maintains stability surrounding the $38.00 mark. Monday opened the week at $38.00,  while the volatility started on the next day with prices dipping to as low as $37.90 before recovering by end of week to $38.00.

The forward market remained quiet while two collared options for the longer term of Oct-27 for a 100k executed for a put of $45 and a call of $36.

Small-Scale Technology Certificates (STCs)

The STC market is quiet this week with a single trade going through at $39.85. Prices remained flat since last week’s closing, with no reported trades in the forward market.

STCs remained at a market surplus of 1.7mil with the latest purchase from DCCEEW on Tuesday at 1.4mil STCs. 

Certificates spot prices & graphs available at Market Update >

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.