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Report: VEEC Snapshot (August 2016)

27 Sep 2016

The VEEC Snapshot is 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.

  • 816k VEECs were created in August, up 13% on July creation (723k).  This is the second highest month of creation since 2012 (June 2016 being the highest, 949k)
  • Activity 34 (Commercial Lighting) created a record 554k certificates in August, representing 68% of total creation (up 10% from last month).
  • Creation from Activity 21C continued to fall (89k), representing 11% of total creation (down 6% from last month)
  • As at end August 2016, there were 6.09m VEECs available, including 1.3m pending registration.  This is sufficient to meet the 2016 target of 5.4 million after allowing 500k certificates for liquidity float.
  • The VEEC price opened August at $15.90 then trended generally downwards during the course of the month. On 11th August the price dropped significantly from $15.50 to $14.25, from which point it did not recover.  The price closed the month at $14.00 and has since traded  at $13.70 on 6th September.  This is the lowest VEEC price since October 2014.

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