News

WEEKLY NSW ESS ANALYSIS WE 16TH JUNE 2019

In the week ending 16th June 2019, ESC creation was as follows:

  • Weekly creation was 99,162 ESCs even with the previous week’s creation of 87,343 ESCs
  • The average for the last 3 weeks is 91k ESCs
  • Commercial Lighting contributed 78,433 (79%) compared to 73,919 (85%) the previous week
  • HEER contributed 6,775 ESCs (7%) compared to 0 ESCs (0%) the previous week.
  • The ESC spot price was $21.40 COB Friday, up $0.40 from the previous Friday.
  • The top CL creators this week were AAACP, NCBA and Demand Manager
  • The top HEER creators were NCBA and GET

Analysis

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

Daniel ZamparelliWEEKLY NSW ESS ANALYSIS WE 16TH JUNE 2019
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WEEKLY VEU ANALYSIS WE 16TH JUNE 2019

Headlines

  • Certificate creation continues strong form, with 13K certificates over created over the required weekly target of 76k certificates
  • There was still a small decrease of $0.20 in spot price to $20.65
  • June 30 deadline for creating certificates from 2018 work fast approaching
  • The VEEC price decreased $0.20 for the week to $20.65 from last week’s price of $20.85
  • The 2019 target is 6.3M with currently 6,692,330 already Registered or Created.
  • The 2020 target is 6,500,000.
  • This means in total, the scheme needs to be create 6,107,670 VEECs between today and the end of 2020. (81 creation weeks)
  • To achieve the 2020 target we need to average 75k certificates per week.
  • Average creation for 2019 to this point has been 79k VEECs/week.
  • Current 3-week average is 108k VEECs/week.
  • Targets for 2021, 2022 & 2023 are being discussed at the moment and will be published soon.
  • Below are last week’s results in detail.

Results

In the week ending 16th June 2019, VEEC creation was as follows:

  • 89,379 down 36% compared to the previous week’s creation of 140,160
  • The average for the last 3 weeks is now 108,385
  • Commercial Lighting contributed 34,633 (39%) compared to 66,848 (48%) the previous week.
  • Updated 21A contributed 39,294 VEECs (44%) created compared to 49,088 VEECs (35%) the week before.
  • The VEEC spot price was $20.65 COB Friday, down $0.20 from the previous Friday.

Analysis

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

The graph below shows creation against targets.  The right hand axis is for the cumulative creation and cumulative target, and the left hand axis the weekly creation.  Please note, this is creation – not all VEECs created are registered.

To give you a visual breakdown of Activities for the week, please see below.

Daniel ZamparelliWEEKLY VEU ANALYSIS WE 16TH JUNE 2019
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WEEKLY NSW ESS ANALYSIS WE 9TH JUNE 2019

Headlines

  • HEER activity records a 0 for creation for first time since January
  • Another big week for commercial lighting with 74k certificates (85%) created.

In the week ending 9th June 2019, ESC creation was as follows:

  • Weekly creation was 87,343 ESCs even with the previous week’s creation of 87,847 ESCs
  • The average for the last 3 weeks is 69k ESCs
  • Commercial Lighting contributed 73,919 (85%) compared to 12,663 ESCs (80%) the previous week
  • HEER contributed 0 ESCs (0%) compared to 10,174 ESCs (12%) the previous week.
  • The ESC spot price was $21.00 COB Friday, up $0.20 from the previous Friday.

Analysis

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

Daniel ZamparelliWEEKLY NSW ESS ANALYSIS WE 9TH JUNE 2019
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WEEKLY VEU ANALYSIS WE 9TH JUNE 2019

Headlines – Biggest week of creation since September 2018

  • Strong activity in 21A and 34 see record high weekly creation for 2019
  • 140k certificates were created, almost double the required weekly target of 76k certificates
  • There was still a small increase of $0.15 in spot price to $20.85
  • June 30 deadline for creating certificates from 2018 work fast approaching

 

  • The VEEC price increased $0.15 for the week to $20.85 from last week’s price of $20.70
  • The 2019 target is 6.3M with currently 6,602,783 already Registered or Created.
  • Meaning the 2019 target has been achieved and is in surplus 302k certificates.
  • The 2020 target is 6,500,000.
  • This means in total, the scheme needs to be create 6,197,217 VEECs between today and the end of 2020. (82 creation weeks)
  • To achieve the 2020 target we need to average 76k certificates per week.
  • Average creation for 2019 to this point has been 79k VEECs/week.
  • Current 3-week average is 124k VEECs/week.
  • Targets for 2021, 2022 & 2023 are being discussed at the moment and will be published soon.
  • Below are last week’s results in detail.

Results

In the week ending 9th June 2019, VEEC creation was as follows:

  • 140,160 up 47% compared to the previous week’s creation of 95,616.
  • The average for the last 3 weeks is now 124,657.
  • Commercial Lighting contributed 66,848 (48%) compared to 33,064 (34%) the previous week.
  • Updated 21A contributed 49,088 VEECs (35%) created compared to 42,824 VEECs (45%) the week before.
  • The VEEC spot price was $20.85 COB Friday, up $0.15 from the previous Friday.

Analysis

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

The graph below shows creation against targets.  The right hand axis is for the cumulative creation and cumulative target, and the left hand axis the weekly creation.  Please note, this is creation – not all VEECs created are registered.

To give you a visual breakdown of Activities for the week, please see below.

Daniel ZamparelliWEEKLY VEU ANALYSIS WE 9TH JUNE 2019
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