News

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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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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