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- 811k VEECs were created in May, which was again higher than the previous month (April, 733k) and the largest monthly creation since October 2012.
- The high levels of creation were primarily the result of increased activity under Commercial Lighting (Schedule 34), which overtook Activity 21 (Incandescent Lighting) for the first time with 392k and 368k certificates respectively.
- Creation from Activity 21 continued to trend downwards, though still accounted for 45 per cent of total monthly creation (368k). Schedule 21C continued to be the predominate activity under this schedule creating 223k VEECs.
- The VEEC price opened the month at $20.50 and remained flat until 12th May when it rose to $20.75, reaching its high for the month. From this point it dropped sharply, falling $3.25 to close $17.50 on 23 May. The price picked up slightly during the last week of May, closing the month at $18.00. It has since regained further ground reaching $18.75 on 6th June.