Report: Quarterly Renewables Report Q4 2015
Green Energy Markets' Quarterly Renewables Report forms part of our Renewables Report subscription, a market intelligence service for LGC market particpants. For more information, please contact us on 03 9805 0777 or via email
Highlights from the December Q4 2015 Quarterly Report
- The LGC spot price started the quarter at $64.65 and continued to increase through the quarter reaching as high $77.05 before easing back and closing the year $72.80. The price has increased after the end of the year and reached $77.05 on 19 January 2016.
- There were no material renewable projects that were committed over the last quarter of 2015. A total of 19 small projects (8.5 MW) were accredited for the quarter.
- The most recent GreenPower quarterly reports saw a significant reduction in commercial sales. We have significantly downgraded our GreenPower projections for both the residential and commercial markets from 2016 onwards.
- To maintain a minimum 5 million LGC surplus, 4,400 MW of new projects need to be committed by the end of 2016. We have also considered lower levels of project commitment which may see the target not met for two or more years.