Total ACCU traded volumes of 3.3M were reported to our Survey Panel in October, with YTD traded volumes drawing level with total 2024 traded volumes, tracking 32% ahead of the equivalent period to end-October 2024.
This reflects more managed compliance procurement over 2025, with price seasonality over Q3 and Q4 in 2024 – the first year of the reformed Safeguard Mechanism – causing buyers to enter the market earlier in 2025, and draw on more sophisticated risk management tools. Despite this, feedback suggests strong bid depth just below current prices, indicating building demand ahead of a seasonally strong November.
This monthly State of the Australian Carbon Market report provides a detailed review of activity in the ACCU spot and derivative markets over the past month, including pricing and traded volumes for spot, forward and options, market depth, net market holdings (inventory), and our OTC ACCU forward curves.
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Kind Regards,
The RepuTex Team
Australian Energy Markets
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