Carbon Markets

ALERT: Australian Carbon Credit Unit price ends the week on a (new record) high

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After a quiet fortnight, the price of Australian Carbon Credit Units (ACCUs) ended the week on a new record high, climbing 6% to $24.50/t on Friday behind a series of spot trades (via Jarden) and forward transactions.

The ACCU spot price has now surpassed the high point of $24.15/t under the former Carbon Price Mechanism (2013-14), which imposed a fixed price for carbon emissions produced in the 2012-13 and 2013-14 financial years, prior to its repeal by the Abbott Government with effect from 1 July 2014.

RepuTex’s ACCU spot price assessment has now grown 48% year-to-date, with strong recent gains primarily driven by larger compliance buyers continuing to accumulate ACCUs to surrender against their multi-year baselines. Increased compliance demand ahead of the Feb-22 deadline to surrender ACCUs under the safeguard mechanism, amid a tight supply setting, has created a bullish environment for spot prices and forward contracting.

Three forward transactions were also recorded (Jarden), for delivery in Feb-22 and Feb-23. Twelve forward transactions have been recorded since Apr-21, for delivery between Feb-21 and May-23 at range of between $18-25.70/t. For a full list of forward transactions, refer to our “Forward trades” tab on this page.

Please login to EnergyIQ to view the underlying datasets.

Kind Regards
The RepuTex Team
Australian Energy Markets

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