News

Report: VEEC Snapshot (December 2015)

15 Jan 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.

Highlights from the December 2015 report:

  • 574k VEECs were created in December, 14 per cent higher than the 555k in November.
  • Residential lighting (schedule 21) accounted for 74.8 per cent of the total certificate creation in December compared with 77.4 per cent in November.
  • VEEC creation from commercial lighting continues to grow and accounted for 13.4 per cent of total December creation.
  • Regulations to give effect to announced changes to methodologies, specifically changes to abatement factors and extended operating hours for commercial lighting were implemented on 23 December.
  • The spot price opened December at $27.50 and drifted lower during the month to close at $26.10. The price continued to fall into January getting as low as $24.25 before recovering to close on Friday 15 January at $27.00.

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