ICAP Green Day
Carbon & Energy & Renewable Energy Trading
Carbon & Energy
- ORIGIN ENERGY has blamed a global over-supply of solar cells for a decision to cancel production of panels in the United States. SMH
- A THREE-man razor gang has been given the job of finding a way to deliver cheaper electricity to Queenslanders. The Courier Mail
- NSW Treasurer Mike Baird will have his work cut out trying to create excitement for the sale of the state's electricity generators. AFR
- Depressed wholesale power prices, competition issues, the carbon tax and subdued overseas interest are expected to combine to reduce bidder participation in the next wave of the NSW power sell-off, putting downward pressure on sales prices.AFR
- Origin Energy is set to tap shareholders for up to $1 billion in new equity, with the exact amount dependent on a potential deal to sell a stake in its $US20 billion liquefied natural gas project in Queensland to customer Kansai Electric Power.AFR
- The Queensland and West Australian governments have no plans to sell any more electricity assets, despite NSW's major power sale.AFR
Market Summary as of 4.30pm 30th of May
STCs –
Spot
STCs trade at 25.40 and the rest of the day remains pretty quiet.
LRECs–
Spot LGCs last trade @ 36.50 in a large volume
Cal 13 LGCs trade @ 38.70
ICAP Green Set for STCs & LGCs Wednesday, 30th of May 2012
STCs:25.65
LGCs: 36.35
A dailyreference price of STCs & LGCs based on live ICAP transactions and market prices...
STC trading today
|
STC |
Bid |
Offer |
Fwd points |
|
|
Spot |
25.40 |
25.70 |
Bid |
Offer |
|
Mon, 02 Jul 12 |
25.40 |
26.05 |
0.00 |
0.35 |
|
Mon, 16 Jul 12 |
25.50 |
26.10 |
0.10 |
0.40 |
|
Sun, 02 Sep 12 |
25.70 |
26.35 |
0.30 |
0.65 |
|
Mon, 15 Oct 12 |
25.80 |
26.45 |
0.40 |
0.75 |
|
Tue, 15 Jan 13 |
26.05 |
26.75 |
0.65 |
1.05 |
LRECs–
Spot LGCs last trade @ 37.00
Cal 12 LGCs trade @ 37.50
ICAP Green Set for STCs & LGCs Monday, 29th of May 2012
STCs: 25.33
LGCs: 36.25
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 @ .90
ESCs– Vintage 12s trade @ $28.50
VEECs – Spot @...
All is quiet on the western front
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The federal government is going to great lengths to explain to households its compensation package for the upcoming carbon tax but a new survey suggests it should be giving small business a guiding hand...Climate Spectator
Market Summary as of 4.30pm 28th of May
STCs –
Spot
25.30 trades - and everything else is quiet on the Western front
LRECs–
Spot LGCs last trade @ 37.00
Cal 12 LGCs trade down again to 37.50
ICAP Green Set for STCs & LGCs Monday, 28th of May 2012
STCs: 25.38
LGCs: 36.25
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 @ $28.50
VEECs– Fwds trade @ $24.20
Small scale technology curve
Solar Financing & STCs @ 25.50
Sungevity is the third largest solar PV retailer in the US household segment and is about to enter the Australian market via a joint venture with Nickel Energy. The interesting thing is that Sungevity is headed up by two people who were originally engaged in the solar sector in Australia but moved over to California because of a more conducive and supportive market environment for solar PV. So the fact that they are taking the plunge back into the Australian market is a positive sign. Climate Spectator
Market Summary as of 4.30pm 25th of May
STCs –
Spot
STCs trade up to the 25.50 level. Trades ranged between 25.35 and 25.50 in lots of 5k to 10k – amounting to 50k total.
LRECs–
Spot LGCs last trade @ 37.00
Cal 12 LGCs trade @ 37.50
ICAP Green Set for STCs & LGCs Friday, 25th of May 2012
STCs:25.25
LGCs: 36.40
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 @ .90
ESCs– Vintage 12s trade @ $28.50
VEECs – Spot @ 23.50 and Fwds @ 24.50 and 24.20
Small scale technology curve
Thursday environmental energy trades
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Market Summary as of 4.30pm 24th of May
STCs –
Spot
25.05, 25.10, 25.15, 25.25 and 25.40 trades
LRECs–
Spot LGCs last trade @ 37.00
Cal 12 LGCs trade down again to 37.50
ICAP Green Set for STCs & LGCs Thursday, 24th of May 2012
STCs:25.08
LGCs: 36.88
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 @ $28.50
Carbon & Energy
- AGL yesterday began the hard sell to raise $900 million from shareholders after the competition watchdog, the Australian Competition and Consumer Commission, decided not to block its bid to take full control of Victoria's largest power generator, Loy Yang A. SMH
- THE Queensland Government has pulled funding for a solar farm in the state's northwest to save money. The Advertiser
- NEW gas projects have raised resource investment to a peak of $260 billion, with seven gas projects accounting for 60 per cent of the total. AUS
- THE nation's competition watchdog has warned that future power generation takeovers will face a tougher path, after its approval of AGL Energy's takeover of the Loy Yang brown coal power station cut the number of southeast wholesale power providers down to five.AUS
- Any further large mergers in the electricity industry are likely to be opposed by the Australian...
Wednesday STC Trades @ 25.00
Market Summary as of 4.30pm 23rd of May
STCs –
Spot
25 the level and quite quiet on the trading front
LRECs–
Spot LGCs last trade @ 37.00
Cal 12 LGCs trade @ 38.00
ICAP Green Set for STCs & LGCs Wednesday, 23rd of May 2012
STCs:25.03
LGCs: 36.88
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 @ $28.50
Carbon fatigue or the real thing?
AUSTRALIAN companies will be guaranteed the chance to pitch for business flowing from the Gillard government's $10 billion clean energy fund that Labor will announce today in an effort to sell the benefits of green jobs at home.
Climate Change Minister Greg Combet will announce today that the Clean Energy Finance Corporation, which will provide grants and government investment to green projects, will require candidates to show they are giving local firms a fair go to supply parts and services.
Market Summary as of 4.30pm 22nd of May
STCs –
Spot
STC spot price continues to slide – yesterday trades are as follows: 25.25, 25.35, 25.30, 25.20 and 25.15 trades yesterday.
LRECs–
Spot LGCs last trade @ 37.00
ICAP Green Set for STCs & LGCs Tuesday, 22nd of May 2012
STCs: 25.28
LGCs: 37.00
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 @ $28.50
Carbon & Energy
- AUSTRALIAN companies will be guaranteed the chance to pitch for business flowing from the Gillard government's $10 billion clean energy fund that Labor will announce today in an effort to sell the benefits of green jobs at home. AGE
- COUNCILS have been granted a 12-month reprieve from paying the carbon tax on emissions from their landfills as 104 councils examine...
STCs continue to slide down
Market Summary as of 4.30pm 21st of May
STCs –
Spot
STC spot price continues to slip down with only a handful of trades yesterday: 25.50, 25.40, 25.35 and 25.30 trades
LRECs–
Spot LGCs last trade @ 37.10
ICAP Green Set for STCs & LGCs Monday, 21st of May 2012
STCs:25.80
LGCs: 37.00
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 @ $28.50
Carbon & Energy
- A LEADING carbon pricing advocate has warned Australia will face a continuing investment strike in building base load power generation capacity if it scraps the floor price in the carbon pricing scheme after 2015, which could push up electricity costs. AUS
- AN INCREASE to the minimum wage for more than 1 million of Australia's lowest-paid workers must not be reduced because of carbon tax compensation, the ACTU has told the national industrial umpire. ACTU assistant secretary Tim Lyons yesterday appeared before a full bench of Fair Work Australia, to put the union's case for a $26-a-week wage rise for the 1.4 million people on the lowest award pay scales. AGE
- RESIDENTS of areas hit by natural disasters such as cyclones and storms could face carbon tax bills for the greenhouse emissions arising from rubbish created by the disaster, a Senate estimates hearing was told...
Spot STCs trading against forwards
The EU carbon permit price, at its current low of around ten dollars per tonne, is not a reflection of the cost of meaningful climate change action. Rather it is an artefact of Europe’s economic mess and policy preferences. And the current CDM price of around five dollars per tonne is indeed the price at which these emissions offset credits can be bought in secondary markets, but it bears no resemblance to the actual and expected carbon prices in major trading schemes including the EU, California and South Korea. None of these schemes expect to have their domestic price set in international offset markets. Climate Spectator
Market Summary as of 4.30pm 18th of May
STCs –
Spot
25.75, 25.85 and 25.80 traded in the spot against September through to December forwards.
Known as a 'repo': a lot of entities have been selling spot to buy forwards in order to use their STCs to borrow cheap cash.
LRECs–
Spot LGCs last trade @ 37.10
ICAP Green Set for STCs & LGCs Friday, 18th of May 2012
STCs:25.83
LGCs: 37.00
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 @ $28.50
Carbon & Energy
- INDEPENDENT senator Nick Xenophon says he would not block an elected Coalition government from repealing the carbon tax, as long as an alternative...
STCs hit a new, low level, below 26.50
TOP REUTERS CARBON HEADLINES
*Alberta mulls changes to CO2 rules
*EU carbon slides 2 pct as Greece calls new election
*Carbon poised to test new low on EU crisis-analysts
*Drax publishes 2012-2014 CO2 hedging update
*EC to outline “structural” ETS reform options by July: Hedegaard
*EU's allowance glut grows to 900 million
*Indian, Chinese airlines fail to comply with EU CO2 law: Commission
*PGE emissions jump 8.8 pct in Q1
*Demand for RGGI contracts rising: traders
Market Summary as of 4.30pm 16th of May
STCs –
Spot
26.70, 26.55, 26.45, and then 26.50 trades
The market closed @ 24.45/24.50
Fwds in July traded @ 26.75
LRECs–
Spot LGCs last trade @ 37.50
Mkt closed @ 37/37.50
Fwd Cal 13 LGCs traded @ 40.60 and offered on
ICAP Green Set for STCs & LGCs Wednesday 16th of May 2012
STCs:27.76
LGCs: 37.15
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 @ $28.50
VEECs– spot @ 23.50
Fwd VEECs @ 24.50
STC market swings wildly
In the News: more than 1.6 million families will start receiving their share of $325 million in compensation for the carbon tax from today.
Families receiving Family Tax Benefit Part A will receive up to $110 for each child, while those receiving Family Tax Benefit Part B will get up to $69.
Families who receive Family Tax Benefit fortnightly should receive the payments in their accounts over two weeks.
A small proportion who choose to claim the benefit annually will receive the extra money when they file their tax return. SMH p6
Market Summary as of 4.30pm 15th of May
STCs –
Spot
27 then 26.80 traded early yesterday. In the afternoon 26.70 then 26.80 traded before the market wildly moved into the 27s. The market we had was 27.10/27.40 before 27.10 was given.
LRECs–
Spot LGCs last trade @ 37.50
Fwd Cal 13 LGCs traded @ 40.60 and offered on
ICAP Green Set for STCs & LGCs Tuesday, 15th of May 2012
STCs: 27.08
LGCs: 37.25
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 @ $28.50
VEECs– spot @ 23.50 + Fwd VEECs in Jan @ 24.50
Carbon & Energy
- POWER companies have accused the NSW utilities price regulator of underestimating the costs of gas and coal supplies in a controversial draft ruling on electricity...
STCs 27.10 & bid on - LGCs to fall more
IN THE NEWS:
The Baillieu government will back a revised push to build a massive solar power project in Victoria's Mallee region, but has refused to say how much money it is committing.
Power giant TRUenergy is seeking funding for the Mallee Solar Park from the federal government's $1.5 billion solar flagship program, which was reopened this year after two other projects that won grants failed to meet key conditions.
The Baillieu government says it will contribute money to the Mallee project if it wins the second attempt at flagship funds. But it will not say how much it is putting up, citing the commercial-in-confidence nature of the tender process.
TRUenergy is proposing to build a 180 megawatt solar power park 10 kilometres south of Mildura, using thin film photovoltaic panels. The AGE p5 today
Market Summary as of 4.30pm 14th of May
STCs –
Spot
27.30, 27.25, 27.20 and 27.10 traded to see spot small-scale technology certificates fall.
LRECs–
Spot LGCs last trade @ 37.50
Fwd Cal 13 LGCs traded @ 40.60 and offered on
ICAP Green Set for STCs & LGCs Monday, 14th of May 2012
STCs: 27.31
LGCs: 37.25
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 @ $28.50
Carbon & Energy
- IF CARBON could be removed from the...
STCs trade @ 27.30 while renewable energy trading continues
IN THE NEWS:
The federal government has rejected talk that it plans to discontinue the small-scale renewable energy scheme, which subsidises household installation of solar panels, a year earlier than planned.
The speculation comes as industry participants warn the scheme could add $280 million to electricity bills by December, with retailers forced to buy up the 7 million surplus certificates expected to be issued this year unless it is cancelled.
That cost could rise to $480 million by July 2013.AFR today
Market Summary as of 4.30pm 11th of May
STCs –
Spot
27.30 was the level for small-scale renewable energy trades on Friday. Buying interest in July and Nov/Dec 2012 continues as sellers decide where to sell on the forward curve.
LRECs–
Spot LGCs last trade @ 38.50
Fwd Cal 13 LGCs traded @ 40.60
ICAP Green Set for STCs & LGCs Friday, 11th of May 2012
STCs: 27.40
LGCs: 37.75
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 @ $.25
GECs – Last spot trade @ 1.00
ESCs– Vintage 12s trade @ $28.50
Carbon & Energy
- THE NSW Government has given the nod to AGL Energy's controversial plan for a $310 million gas storage facility at Tomago near Newcastle.The Advertiser
- IMMEDIATE relief from soaring power prices will be promised to struggling Tasmanians in Thursday's State...