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WEEKLY NSW ESS ANALYSIS WE 15TH SEPTEMBER 2019

ESS Certificate Creation Report

This report is for certificate creation between 08/09/2019 and 15/09/2019.

Results

  • Weekly creation was 70,180 ESCs created compared with the previous weekly creation 79,878 ESCs.
  • The average for the last 4 weeks is 58k ESCs.
  • Commercial Lighting contributed 56,189 ESCs (80%) compared to 46,198 ESCs (58%) created in the week before .
  • HEER contributed 12,864 ESCs (18%) compared to 25,963 ESCs (33%) created in the week before.
  • The ESC spot price was at $22.10 down from $22.40 COB last Friday.

Analysis

Weekly: ESC Creation Breakdown

Weekly: Total ESC Creation Pie Chart

 

 

Bibek RegmiWEEKLY NSW ESS ANALYSIS WE 15TH SEPTEMBER 2019
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WEEKLY VEU ANALYSIS WE 15TH SEPTEMBER 2019

VEU Certificate Creation Report

This VEU certificate creation report is for creation between 08/09/2019 and 15/09/2019.

Results

  • 134,058 certificates created were created for the period between 08/09/2019 and 15/09/2019.
  • Commercial Lighting contributed 44,069 VEECs (32.87%) compared to 31,396 VEECs (25.36%) created in the week before.
  • Updated 21A contributed 54,731 VEECs (40.83%) compared to 70,102 VEECs (56.64%) created in the week before.
  • The VEEC price was at $22.50 down from $22.85 COB last Friday.

Target Tracking

  • The 2019 target is 6.3M with currently 8,470,914 VEECs already Registered or Created.
  • The 2020 target is 6.5M.
  • This means in total, the scheme needs to create 4,329,086 VEECs between today and the end of 2020. (68 creation weeks)
  • To achieve the 2020 target we need to average 63.6k certificates per week.
  • Average creation for 2019 to this point has been 98k VEECs/week.

Please note, this is creation – not all VEECs created are registered.

Analysis

Weekly: Total Certificate Creation breakdown

Weekly: Total Certificate Creation Pie Chart

 

 

 

 

 

 

Bibek RegmiWEEKLY VEU ANALYSIS WE 15TH SEPTEMBER 2019
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AUSTRALIA’S 2020 RENEWABLE ENERGY TARGET AHEAD OF SCHEDULE

It’s good news – Australia is on-track to meet the 2020 Large-Scale Renewable Energy Target goal of 33k gigawatt-hours of renewable energy.

The Clean Energy Regulator confirmed their confidence in meeting the 2020 target after the approval of four large wind and solar power stations was announced on 30 August 2019. Collectively, the four new energy sources will contribute 406 megawatts; enough renewable energy to meet the 2020 large-scale renewable energy target.

While the renewable energy capacity target has been achieved for 2020, the Clean Energy Regulator has confirmed that investment in Australia’s renewable energy market will continue. 

For further information on Australia’s Renewable Energy Target, please visit the Government’s Clean Energy Regulator website by clicking HERE.

Claire DayAUSTRALIA’S 2020 RENEWABLE ENERGY TARGET AHEAD OF SCHEDULE
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INTRODUCING THE SMALL BUSINESS ENERGY ADVICE PROGRAM (BEAP)

The Small Business Energy Advice Program (BEAP), the Federal Government’s recently launched small business initiative, is offering two new free services to small businesses across Australia: 

1) Business Energy Advice: a personalised energy advice service

2) Small Business Energy Check: an online tool that assists with energy-saving understanding.

The BEAP can help with practical changes to energy-saving equipment, the identification of the most suitable energy plans, advice on energy usage improvements and energy grant eligibility. 

The BEAP is tailored toward small businesses with less than 20 staff operating anywhere in Australia. It can also be used by small business advisers such as accountants, book-keepers and energy experts.

For more information on the Small Business Energy Advice Program (BEAP), please visit the energy.gov.au website by clicking HERE. 

Claire DayINTRODUCING THE SMALL BUSINESS ENERGY ADVICE PROGRAM (BEAP)
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