News

WEEKLY NSW ESS ANALYSIS WE 10th MARCH

Headlines

 

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

  • Weekly creation was 42,868 ESCs down 25% compared to the previous week’s creation of 56,912 ESCs
  • The average for the last 3 weeks is 54,026 ESCs
  • Commercial Lighting contributed only 16,293 ESCs (38%) compared to 47,070 ESCs (83%) the previous week
  • Sale of New Appliances was the top performing activity with 21,970 ESCs (51%)
  • The ESC spot price was $20.40 COB Friday, up $0.20 from the previous Friday

Analysis

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

 

GemmaWEEKLY NSW ESS ANALYSIS WE 10th MARCH
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WEEKLY VEEC ANALYSIS WE 10th MARCH

Headline – VEEC Spot price recovery

  • The VEEC spot price as of COB Friday was $20.20. This represents a recovery from the $16.25 price of early Feb.
  • The price has risen on the back of slower than expected VEEC creation from the amended 21A Abulb activity. However, creation in this activity has increased to a new record level last week (see second graph below in red) indicating that it is finally gaining traction and this activity has the potential to quickly supply large numbers of VEECs into the market which may prompt a response from the forward/spot VEEC market.

Results

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

  • 73,612 down 17% compared to the previous week’s creation of 88,624
  • The average for the last 3 weeks is 84,260
  • Commercial Lighting contributed 48,214 (66%) compared to 61,315 (69%) the previous week
  • The VEEC spot price was $20.20 COB Friday, up $0.70 from the previous Friday.

Analysis

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

 

 

GemmaWEEKLY VEEC ANALYSIS WE 10th MARCH
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WEEKLY NSW ESS ANALYSIS WE 3rd MARCH

Headlines

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

  • Weekly creation was 56,912 ESCs down 9% compared to the previous week’s creation of 62,299 ESCs
  • The average for the last 3 weeks is 56,697 ESCs
  • Commercial Lighting contributed 47,070 ESCs (83%) compared to 26,088 ESCs (42%) the previous week
  • The ESC spot price was $20.20 COB Friday, down $0.40 from the previous Friday

Analysis

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

 

 

GemmaWEEKLY NSW ESS ANALYSIS WE 3rd MARCH
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WEEKLY VEEC ANALYSIS WE 3rd MARCH

Headline – Refreshed 21A GLS Activity Performance

  • Changes to the 21A GLS replacement activity created a lot of enthusiasm amongst APs with the opportunity to revisit previously upgraded premises and replace CFLs with LED Abulbs.
  • However, since coming into effect on 10th of December 2018, creation from this activity has been below expectations.
  • Below is a chart of the number of weekly VEECs created by each residential 21 activities since week ending 20th Jan 2019. 21A is shown in red.
  • The best weekly VEECs created were less than 9,000 meaning a maximum of just over 15,000 Abulbs were installed in the best week to date.
  • In total it is estimated that less than 50k Abulbs have been installed since December 2018.
  • As can be seen, creation growth during January was slow, with February showing signs of increased contribution, but the latest week has shown a reduction in creation.
  • In the absence of problems with stock availability, reasons for this activity not reaching the creation levels hoped for are difficult to explain.
  • Possible reasons could be the new requirement to have decommissioning receipts prior to creation or residential end user reluctance to having their lights exchanged for second, third or fourth time.

Results

Results

In the week ending 3rd March 2019, VEEC creation was as follows:

  • 88,624 down 2% compared to the previous week’s creation of 90,544
  • The average for the last 3 weeks is 76,069
  • Commercial Lighting contributed 61,315 (69%) compared to 64,494 (71%) the previous week
  • The VEEC spot price was $19.50 COB Friday, up $0.15 from the previous Friday.

Analysis

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

 

 

 

GemmaWEEKLY VEEC ANALYSIS WE 3rd MARCH
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