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Report: VEEC Snapshot (November 2015)

15 Dec 2015

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.

  • 505k VEECs were created in November, 5 per cent lower than the 535k in October. However, November contains one less working day which could account for the difference
  • The last four weeks (to 11 November) has seen a marked increase in submission of VEECs averaging 149k per week
  • Monthly creation from commercial lighting has increased for the fifth month in a row and accounted for 12 per cent of total November creation. Additionally, so far in December it has accounted for 23 per cent of creation (to 7 December).
  • The spot price opened November at $26.00 and increased steadily through the month to reach $27.50 on 23 November. It dropped slightly to $26.95 but then recovered to close the month at $28.00. It has increased further in December and was $28.85 at COB on 11 December.

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