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.
- 691k VEECs were created in October, which is slightly higher than last months' (671k) but 11% down on the 6 month average.
- The VEEC market continues to be dominated by Activity 34 (Commercial Lighting), which created 490k certificates (71% of total certificates).
- As at end October 2016, there were 7.30m VEECs available, including 1.2m pending registration. As noted in previous reports, this is sufficient to meet the 2016 target of 5.4 million after allowing 500k certificates for liquidity float.
- The VEEC price opened October at $14.75 and slowly climbed to reach $15.40 on 11 October, before surging to $17.00 on 13 October (the highest the spot price since early July). It remained at this level for two days before dropping back down to $16. The spot price rose again during the last week of the month to close out October at $16.25 but has since drifted lower and was $15.25 on 10th November.