ICAP Energy is a business unit of ICAP plc, the world’s premier electronic and voice interdealer broker. ICAP Energy provides Exchange traded and "Over The Counter" broking services to a broad spectrum of energy businesses throughout the world.
ICAP Energy Australia provides a specialist broking and data service in the National Electricity Market (OTC and Australian Stock Exchange contracts) as well as environmental products. ICAP Energy Australia operates offices in Sydney, Brisbane and Melbourne with access to ICAP's global network for the execution of oil products, natural gas, coal, base and precious metals, emissions credits, freight and weather derivative products.
In Electricity Markets
ICAP Energy Australia provides access to a range of OTC and Exchange Traded products including swaps, caps and swaptions.
In Environmental Markets
ICAP Energy Australia actively broker Australian renewable energy programs that include:
- Large-scale Renewable Energy Certificates (LRECs)
- Small-scale Renewable Energy Certificates (SRECs)
- Queensland 15% Gas Electricity Certificates (GECs)
- NSW and Victorian Energy Efficiency Certificates (VEECs & ESSs)
- Buy back of Free Australian Carbon Units issued under the JCP Program
- Australian Carbon Credit Units (ACCUs) issued under the Carbon Farming Initiative
- Voluntary and Verified Carbon Units (VERs or VCUs)
ICAP Energy Australia also facilitates access to a wide range of OTC and Exchange Traded carbon markets in Europe and the US, including European Union Allowances (EUAs), Emission Reduction Units (ERUs) and Certified Emission Reduction units (CERs).
ICAP Australia - Energy Desk Press Release, ACCU transaction under the CFI
ICAP Australia - Energy Desk
Executes Australian Carbon Credits Unit (ACCU) Trade
Sydney, December 2012- ICAP Australia Pty Ltd, a subsidiary of ICAP (IAP.L), the world’s leading interdealer broker, announces the execution of Australia’s largest Australian Carbon Credit Unit (ACCU) trade, by the Environmental Markets Desk, on behalf of Stanwell Corporation as the buyer.
The transaction provides Stanwell Corporation with a significant quantity of ACCU’s for variable settlement from now until May 2013.
The seller, who wishes to remain anonymous, has gained the flexibility to deliver ACCUs as soon as they are created. They have also gained the benefit of price certainty within the defined delivery window.
The total volume of ACCUs transacted by the seller is the largest volume available for compliance to the first year of the carbon tax. The volume brokered by ICAP is also the largest volume of ACCUs transacted via a broker in the new Australian Carbon Farming Initiative market.
“This transaction demonstrates our capacity to arrange structured deals in an area where we have strong local expertise, supported by Global coverage in the developing Carbon market” said Brad Howell, CEO ICAP Australia
Scott Riethmuller, Manager Energy Trading, Stanwell Corporation said “This transaction helps us manage our cost of compliance to the carbon tax. The transaction is evidence of Stanwell’s proactive approach to the carbon markets. We continue to seek cost effective opportunities to manage our carbon exposure”
Gary Cox Energy & Commodities Asia Pacific 02 9777 0873
Bard Howell CEO – ICAP Australia 02 9777 0861
Alison Buzza Marketing &Communications, Asia Pacific 02 9777 0834
ICAP is the world’s leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios.
For more information go to www.icap.com