News

Results

In the week ending 17^th February 2019, VEEC creation was as follows:

• 49,039 down 28% compared to the previous week’s creation of 68,244
• The average for the last 3 weeks is 58,609
• Commercial Lighting contributed 31,358 (64%) compared to 52,971 (78%) the previous week
• The VEEC spot price was $19.50 COB Friday, up $1.50 from the previous Friday on the back of announcement by the ESC regarding the mandatory use of electricians on 21A GLS installations.

Analysis

The graph below shows the overall trend of total VEECs created each week.

Headlines

In the week ending Feb 10^th 2019, ESC creation was as follows:

• Weekly creation was 39,500 ESCs up 33% compared to the previous week’s creation of 29,697 ESCs
• The average for the last 3 weeks is 58,024 ESCs
• Commercial Lighting contributed 21,702 ESCs (55%) compared to 21,560 ESCs (73%) the previous week
• The ESC spot price was $18.35 COB Friday, up $0.35 from the previous Friday

Analysis

The graph below shows the overall trend of total ESCs registered each week. 

Headline

• VEEC Activity Creation Trends
  • Building based lighting continues to dominate the bulk of VEEC creation each week.
  • As can be seen from this graph below, building based lighting upgrades account for between 84% and 54% of total VEECs created each week.
  • Recently, 21B has been the next highest contributor (<20%) followed by 21A (<10%) ignoring very low creation weeks around the Christmas break.

Results

In the week ending 10^th February 2019, VEEC creation was as follows:

• 68,244 up 94% compared to the previous week’s creation of 35,127
• The average for the last 3 weeks is 58,609
• Commercial Lighting contributed 52,971 (78%) compared to 18,887 (54%) the previous week
• The VEEC spot price was $18.00 COB Friday, up $1.75 from the previous Friday on the back of market speculation last week.

Analysis

The graph below shows the overall trend of total VEECs created each week.

Headlines

In the week ending Feb 3^rd 2019, ESC creation was as follows:

• Weekly creation was 29,697 ESCs down 72% compared to the previous week’s creation of 104,876 ESCs
• The average for the last 3 weeks is 52,093 ESCs
• Commercial Lighting contributed 21,560 ESCs (73%) compared to 76,380 ESCs (73%) the previous week
• The ESC spot price was $18.00 COB Friday, down $0.20 from the previous Friday

Analysis

The graph below shows the overall trend of total ESCs registered each week.