Market Report | August 2024

  • Q3 remains relatively quiet with limited buyers coming to market.
  • We continue to see prices come off due to the reduced interest.
  • CP22 is currently achieving around £0.75/REGO.
  • CP23 is currently trading between £5-6/REGO.
  • CP24 is currently trading between £4.80-5.80/REGO.

 

"Will the bearish trend continue or will we start to see some upward movement in prices?"

Clare Haigh - Head of Environmental Markets at C-Zero
Clare Haigh
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  • RGGOs had a surge in activity mid-August having been relatively quiet during the traditional summer lull.
  • Crop/Product remained flavour of the month with prices for 2024 production reaching mid £7s/MWh with demand still there.
  • Interest in 2024 Waste/Resi also had a resurgence – pushing prices into the mid £10s/MWh
  • There is still demand for 2023 volumes but mainly for crop which is now quite scarce. Producers holding onto 2023 Waste/Resi are not ready to drop their prices down to levels equivalent to crop despite there being little interest around the £6-£6.50 mark.

 

“A surprising resurgence in RGGO interest this month- marginal uptick in prices”

Mike Ridler - CEO at C-Zero
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C-Zero Markets excited to be part of the Climate Week launch in NEW YORK  – 22nd – 29th September 2024