Market Report | April 2023

“After a quiet March, April has been a roller coaster ride!”

Mike Ridler, Head of Green Markets at C-Zero
Mike Ridler

The Waste market has stalled with buyers only interested in Crop certificates. Will the Waste/Crop spread narrow again to just a few £s? 

Mike Ridler


  • Waste prices have remained stagnant, with sellers still holding out for low/mid £30s and the few buyers that there are bidding in the high £20s. 
  • Even ISCC Waste Certs that have shown more resilience than their non-certified cousins have experienced a sell-off, with bids below £40/MWh currently. 
  • Crop is still in demand, with pricing steadily increasing, but the waste/crop spread is narrowing, which might dampen further increases as buyers switch back to Waste. 

“Flat month on prices and traded volume.”

Bruce Brown

Bruce Brown

Head of Client Partnership at C-Zero