ICAP Green Day

30th April 2012

Q2 begins for STCs, Last @ 26.00

 

“The high cost of developing wide-scale renewable energy projects will mean international emitters will fail to limit a rise in global warming of two degrees by 2035” The AFR today P18

Market Summary as of 4.30pm 27th of April

STCs –

Spot

Last STCs traded @ 26.00 on Friday whereas there was more trading on Thursday in the short forwards around the 26.00 mark as well.

LRECs–

Spot

38.00 was last in the spot and on Thursday, Cal13 forwards traded against various spot trades.

 ICAP Green Set for STCs & LGCs Friday, 20th of April 2012

STCs: 26.05

LGCs: 37.93

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

NGACs – Spot last trade @ $.20

GECs – Last spot trade @ 1.00  

ESCs– Vintage 12s trade @ $29.00

23rd April 2012

Wind Power and Prices

  

 

“It is no accident that separate reports recently revealed South Australia had the highest proportion of electricity generated by wind turbines and the most expensive power in the nation.” – As reported inThe Australian, it suggested that SA’s high electricity prices were a direct result of its high percentage of renewables. Climate Spectator argues otherwise:Read more

Market Summary as of 4.30pm 20th of April

STCs –

Spot

On Thursday a large amount of STCs traded @ 26.90 before a bullish run saw trades as high as 27.45. As soon as the 26.90 traded, it crippled the upward lift and set the new level at the 27.00 mark.   

Friday saw STCs trade @ 26.90 and got as high as 27.10 by the end of the day.

Short forwards in May traded at 27.10 and 27.00 – seeing a lot of flat trading against spot.  

LRECs–

LGCs are still trying to find their level with the last trade @ 38.75

 ICAP Green Set for STCs & LGCs Friday, 20th of April 2012

STCs:27.00

LGCs: 38.63

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

Other products:

NGACs – Spot last trade @ $.40

GECs – Last spot trade @ 1.10  

ESCs– Vintage 11s trade @ $29.00

Carbon & Energy

  • MORE than 40,000 people are employed in electricity, gas, water and waste services across Queensland, representing a quarter of employees in these industries across...

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18th April 2012

Bees to Honey for Clean Energy Finance

About the CEFC: If that $10 billion of taxpayer money – available at the government bond rates – remains on the table for any reasonable period of time, it is a sure bet that banks, investment banks, private equity and a host of other intermediaries will be drawn to it like bees to honey, or perhaps vultures to a carcass. Climate Spectator read more

Market Summary as of 4.30pm 17th of April

STCs –

Spot

Spot STCs gapped yesterday – trading @ 27.35 and then paid @ 27.50 and 27.55 against a July forward. 

LRECs–

LGCs continue to trade down to 39.00 the figure after Friday last week saw trades as high as 39.85     

 ICAP Green Set for STCs & LGCs Tuesday, 17th of April 2012

STCs:27.50

LGCs: 38.75

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

NGACs – Spot last trade @ $.75

GECs – Last spot trade @ 1.10  

ESCs–  Vintage 11s trade @ $30.50

Carbon & Energy

  • AUSTRALIA'S greenhouse gas emissions continued to rise last year, driven by an increase in vehicle use and gases leaking from coalmines, according to federal government data. SMH
  • ELECTRICITY generators have revealed they are having trouble finding long-term gas supplies at any price, adding to doubts about the government's ambitions to use gas as a ``transitional fuel'' to a low-carbon economy. AUS
  • The Greens' strategy to build a business constituency...

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16th April 2012

Electricity prices to rise - STC prices slide further down

Average electricity prices for NSW households and small businesses will rise 16.4 per cent on 1 July, the day the carbon price also kicks in. Read More

Market Summary as of 4.30pm 13th of April

STCs –

Spot

27.70 traded at the end of the day on Friday. Before that 28.05 and 28.00 traded.

 ICAP Green Set for STCs & LGCs Friday, 13th of April 2012

STCs:28.23

LGCs: 39.45

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

LRECs–

LGCs last traded @ 39.85 and is slowly nearing the roaring 40s region again.  

NGACs – Spot last trade @ $.75

GECs – Last spot trade @ 1.10  

ESCs–  Vintage 11s trade @ $30.50

12th April 2012

Solar Economics

Have a read of: “Queenslandsolar feed-in tariffs and the merit-order effect: economic benefit, or regressive taxation and wealth transfers?” (Climate Spectator) Read More

Market Summary as of 4.30pm 11th of April

STCs –

Spot

After the last trade at 29.00 on Tuesday, Small-scale Technology Certificates (STCs) gradually traded down to 28.55 (last) yesterday. 28.70 and 28.80 traded throughout the day in volumes of 5k to 30k.   

Forward Small-scale Technology Certificates (STCs) An STC strip trades from Aug-October 20k per month - March 2013 trades.

ICAP Green Set for STCs & LGCs Wednesday, 11th of April 2012

STCs:28.85

LGCs: 39.93

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

LRECs–

LGCs last traded @ 39.85 and is slowly nearing the roaring 40s region again.  

NGACs – Spot last trade @ $.75

GECs – Last spot trade @ 1.10  

ESCs–  Vintage 11s trade @ $30.50

 Carbon & Energy

  • Constitutional lawyers are divided about whether a challenge by the Queensland and West Australian governments to the federal government's carbon tax will succeed.AFR
  • THE Gillard government and the states, including NSW, will back business demands for faster environmental approvals and the abolition of redundant climate change policies.SMH
  • Consumers can accurately monitor their energy use thanks to a Melbourne-based company....

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10th April 2012

The Roaring 40s: LGCs trading close to $40 again

 

News Summary

  • In one Dubbo postcode area, 2830, 28 per cent of households have installed solar power. This is slightly ahead of Caloundra in Queensland, with 27.3 per cent (SMH)
  • The clean energy finance corporation (CEFC) The government has indicated that legislation to establish the fund will be introduced this year. One issue to be resolved is resourcing of the body, which will be located in Sydney. (AFR)
  • In consultations with industry on CEFC, the advisory panel has indicated it favours outsourcing investment of the bulk of the money – up to 80 per cent – to private fund mangers with expertise in renewable projects instead of developing a large in-house investment unit. (AFR)

Market Summary as of 4.30pm 5th of April

STCs –

STCs rose to 29.20 after 29.00 and 29.10 traded. In the afternoon, Easter sentiment took over to see buying interest lull to 28.90.  

LRECs–

LGCs last traded @ 39.75 and is slowly nearing the roaring 40s region again.    

 ICAP Green Set for STCs & LGCs Thursday, 5th of April 2012

STCs:29.15

LGCs: 39.75

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

NGACs – Spot last trade @ $.85

GECs – Last spot trade @ 1.10  

ESCs–  Vintage 11s trade @ $30.50

Carbon & Energy

  • THE allowance of 0.4 per cent to cover the impact of the carbon tax in the 3.6 per cent pegged rate increase...

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5th April 2012

Trading carbon has its lows

April has dawned with both clean energy share prices and European Union carbon credits languishing at, or near, multi-year lows. Investors are being left to wonder whether the rest of 2012 will reveal silver linings to these clouds.

On Monday, EU Allowances for December 2012 expiry fell to a record low of €6.14 per tonne of CO2, before edging back to €6.34, down 80 cents on the day. Climate Spectator

Market Summary as of 4.30pm 4th of April

STCs –

STCs continued to climb yesterday while sellers watched eagerly to see if the price would break through the 29.00 threshold. 28.50, 28.75, 28.85 and 28.90 traded aggressively before lunch time, before it died down for the second part of the day

 ICAP Green Set for STCs & LGCs Wednesday, 4th of April 2012

STCs:28.98

LGCs: 39.70

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

LRECs–

LGC last traded @ 39.50

NGACs – Spot last trade @ $.85

GECs – Last spot trade @ 1.10  

ESCs–  Vintage 11s trade @ $30.50

Carbon & Energy

  • AGL Energy's bid to take full control of Australia's largest brown coal power station has hit a snag, with the competition watchdog suspending its clearance process pending further information. The Advertiser
  • THE federal government spent $68 million on advertising campaigns in the second half of 2011, including more than $16 million on promoting the...

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4th April 2012

STCs rise to 28.50 that is fact

 

Jean-Paul Sartre (1905 - 1980)  

We do not know what we want and yet we are responsible for what we are - that is the fact.

 Market Summary as of 4.30pm 3rd of April

STCs –

Yesterday seemed to be the turning point for buyers in the STC market. 28.25, 28.30, 28.40, 28.50 traded  

 ICAP Green Set for STCs & LGCs Tuesday, 3rd of April 2012

STCs:28.30

LGCs: 39.35

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

LRECs–

LGC last traded @ 39.50

NGACs – Spot last trade @ $.85

GECs – Last spot trade @ 1.10  

ESCs–  Vintage 11s trade @ $30.50

Carbon & Energy

  • Origin Energy has joined mining giant Xstrata in a proposed $US3 billion hydroelectric power project in southern Chile that has reportedly drawn the ire of local opposition because of its impact on communities, flora and fauna. AFR
  • CHINAis more likely than the United States to provide global climate change leadership, the former Liberal leader Malcolm Turnbull believes. SMH
  • A BATTERY storage system that can capture solar and wind energy for later use could change the way the world utilises electricity, developer ZEN Energy Systems says. The Advertiser
  • Billions of dollars in investment in oil and gas development will be at risk if Labor proceeds with plans to cut exploration and depreciation tax breaks in the May budget, the resources...

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3rd April 2012

STC Market picks up, but a shadow looms

 
Plunging international prices for solar PV modules and the high Australian dollar meant that solar PV needed far less government support than originally expected to make it attractive to households. Government assistance was slow to adjust and this led to sales of solar PV far greater than originally anticipated. But these government programs are now being dramatically wound back - Climate Spectator 02/04/2012

Market Summary as of 4.30pm 1st of April

STCs –

28.30 traded in volume several times after 28.15 and 28.25 traded in the morning. There was late selling interest at the end of the day to see 28.20 trade.

 ICAP Green Set for STCs & LGCs Wednesday, 1st of April 2012

STCs: 28.23

LGCs: 39.38

A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices posted between 10.10am and 10.15am each business day.

LRECs–

LGCs traded @ 39.30 – the new big figure

NGACs – Spot last trade @ $.85

GECs – Last spot trade @ 1.10  

ESCs–  Vintage 11s trade @ $30.50

Carbon & Energy

    • CUTTING-EDGE solar storage research at Mawson Lakes is working toward unlocking the key to baseload power from the sun.The Advertiser
    • AUSTRALIA'S plastics recyclers will have to slash hundreds of jobs or go bust because of the carbon tax, bosses say.Herald Sun
    • BUSINESSES will be able to access electricity for as little as 7c a kilowatt hour under a plan from Adelaide's Zen Energy...

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