News

WEEKLY NSW ESS ANALYSIS WE 2ND JUNE 2019

Headlines

  • Certificate creation up 163% from previous week.
  • Big week for commercial lighting with 70k certificates (80%) created.
  • HEER activity holds steady with average creation for last 6 weeks of 9,449 certificates.

In the week ending 2nd June 2019, ESC creation was as follows:

  • Weekly creation was 87,847 ESCs up 163% compared to the previous week’s creation of 32,120 ESCs
  • The average for the last 3 weeks is 79,671 ESCs
  • Commercial Lighting contributed 70,585 ESCs (80%) compared to 18,813 ESCs (59%) the previous week
  • HEER contributed 10,174 ESCs (23%) compared to 7,445 ESCs (23%) the previous week.
  • The ESC spot price was $20.80 COB Friday, up $0.40 from the previous Friday.

Analysis

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

Daniel ZamparelliWEEKLY NSW ESS ANALYSIS WE 2ND JUNE 2019
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WEEKLY VEU ANALYSIS WE 2ND JUNE 2019

Headlines – Creation drops below 100k for first time in 4 weeks, but VEEC price softens

  • Creation dropped below 100k for the first time in 4 weeks
  • 96k certificates were created, which is still well above the required weekly target of 76k certificates
  • Strong creation has seen the certificate price drop to $20.70
  • June 30 deadline for creating certificates from 2018 work fast approaching

 

  • The VEEC price dropped $0.30 for the week to $20.70 from last week’s high of $21.00.
  • The 2019 target is 6.3M with currently 6,463,771 already Registered or Created.
  • Meaning the 2019 target has been achieved and is in surplus 164k certificates.
  • The 2020 target is 6,500,000.
  • This means in total, the scheme needs to be create 6,336,229 VEECs between today and the end of 2020. (83 creation weeks)
  • To achieve the 2020 target we need to average 76k certificates per week.
  • Average creation for 2019 to this point has been 76k VEECs/week.
  • Current 3-week average is 117k 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 2nd June 2019, VEEC creation was as follows:

  • 95,616 down 31% compared to the previous week’s creation of 138,195.
  • The average for the last 3 weeks is now 117,183.
  • Commercial Lighting contributed 33,064 (34%) compared to 64,367 (47%) the previous week.
  • Updated 21A contributed 42,824 VEECs (45%) created compared to 39,964 VEECs (28%) the week before.
  • The VEEC spot price was $20.70 COB Friday, down $0.30 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 2ND JUNE 2019
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WEEKLY NSW ESS ANALYSIS WE 26th MAY

Headlines

  • Slow week in all activities as certificate creation drops 72% from previous week.

In the week ending 26th May 2019, ESC creation was as follows:

  • Weekly creation was 32,120 ESCs down 77% compared to the previous week’s creation of 119,791 ESCs
  • The average for the last 3 weeks is 75,580 ESCs
  • Commercial Lighting contributed 18,813 ESCs (59%) compared to 45,160 ESCs (38%) the previous week
  • HEER contributed 7,445 ESCs (23%) compared to 17,336 ESCs (14%) the previous week.
  • The ESC spot price was $20.40 COB Friday, up $0.10 from the previous Friday.

Analysis

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

 

Daniel ZamparelliWEEKLY NSW ESS ANALYSIS WE 26th MAY
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WEEKLY VEU ANALYSIS WE 26th MAY

Headlines – Certificate creation over 100,000 4 weeks in a row  

  • For the 4th week running certificate creation was over 100,000 with a 3 week average of 130,000.
  • 34 back on top with 64,000 certificates created, almost half of the weekly total across all activities.
  • Consecutive strong weeks of creation see a $1.50 drop in spot price.
  • The 2019 target has now been achieved with a 71,000 certificate surplus.

 

  • The VEEC price dropped $1.50 for the week to $21.00 from last week’s high of $22.50.
  • The 2019 target is 6.3M with currently 6,371,317 already Registered or Created.
  • Meaning the 2019 target has been achieved and is in surplus 71,000 certificates.
  • The 2020 target is 6,500,000.
  • This means in total, the scheme needs to be create 6,428,683 VEECs between today and the end of 2020. (83 creation weeks)
  • Average creation for 2019 to this point has been 75k VEECs/week.
  • To achieve the 2020 target we need to average 76k certificates per week.
  • Current 3-week average is 130k 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 26th May 2019, VEEC creation was as follows:

  • 138,195 up 17% compared to the previous week’s creation of 117,737.
  • The average for the last 3 weeks is now 130,715.
  • Commercial Lighting contributed 64,367 (47%) compared to 44,291 (37%) the previous week.
  • Updated 21A contributed 39,964 VEECs (28%) created compared to 51,918 VEECs (44%) the week before.
  • The VEEC spot price was $21.00 COB Friday, down $1.50 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 26th MAY
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