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Spot Trade Market Update: Environmental Certificate Scheme Prices – STCs, LGCs, VEECs and ESCs (March 2021)

Small-scale Technology Certificate (STCs) Price Updates:

As of writing, Small-scale Technology Certificates (STCs) are priced at $38.85 They are $0.15 higher compared to the previous month. Compared to last year’s pricing, which was at $37.80, there is a $1.05 increase in prices.

Large-scale Generation Certificate (LGCs) price updates:

Until the end of December 2020, Large-scale Generation Certificates (LGCs) were at $37.50. As of writing, LGC prices are $33.00 which is $4.50 lower than the previous month. There has been a downward trend in prices last year. LGC prices reached $44.50 last October and plunged to $37.00 in December.

Energy Efficiency Certificates (VEECs) price updates:

Trading for Energy Efficiency Certificates (VEECs) as of writing is at $52.10, which is $7.10 higher than the previous month’s trading price. For the last quarter of 2020, VEEC prices rose by 5.95% which is 44.72% higher compared to in January 2020. However, VEECs prices remained stable to date.

Energy Saving Certificates (ESCs) price update:

The current trading prices for Energy Saving Certificates (ESCs) are $30.20 which is $0.95 higher than the previous month price of $29.55. ESCs prices last year were between $23.00 and $30.00. It reached its lowest point at $24.10 in July 2020 while it peaked at $30.20 in April 2020. Trading prices fell by two per cent (2%) during the last quarter of 2020.

 

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