News

Energy Efficiency Snapshots (June 2015)

10 Jul 2015

Highlights from the June 2015 ESC and VEEC Snapshots include:

ESCs

  • 596,092 certificates were created in June. This is the second highest month of creation we have seen in the history of the scheme. Second only to September 2014.
  • For 2014 compliance, 2,680,287 ESCS were submitted for surrender by 30 April 2015. There was an additional late surrender in June of 12,666 and then just before 30 June 2015, IPART reconciled the surrender submissions and a little  over 29k ESCs were "un-surrendered" and added back into the balance available for 2015 surrender. The total surrender for 2014 was 2,663,800.
  • The ESC price opened June at $21.35. It increased early in the month to reach at $22.50 on 11 June. On 22 June the price fell back to $21.35 and then drifted lower to close the month at $20.40.

VEECs

  • 520k VEECs were submitted for registration in June, 10 per cent lower than May.
  • Accredited Power Savers was the largest creator of certificates this month, creating more than 47k VEECS (9.2 per cent), with the majority created for 21C activities. This is a significant increase in volume from previous months.
  • The price opened June at $18.90. It increased to $19.25 on 5 June and remained at that price for most of the month before dropping to close June at $18.75. The price has since recovered and increased to $19.80 on 3 July. This is the highest the price has been since mid-December 2014.
  • For 2014 compliance, 5,789,647 VEECS were submitted for surrender by 30 April 2015. Just before 30 June 2015, the Essential Services Commission reconciled the surrender submissions and a little  over 44k VEECs were "un-surrendered" and added back into the balance available for 2015 surrender. The total surrender for 2014 was 5,744,415.

The VEEC and ESC Snapshots are available as part of Green Energy Markets' Energy Efficiency subscription.  For more information or to susbcribe please contact Emily on 03 9805 0729 or email us.

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