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February 1, 2024

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Green Certificates, REGO, RGGOs, RTFCs

REGO  The REGO market is picking up as suppliers have a clearer view of their CP22 position.  The chart below details CP22's pricing history since April 23.  REGOs are now achieving prices around the mid-teens across all technologies. Prices are up 88% from November, when there was poor liquidity, and up 15% from December, indicating [...]

December 7, 2023

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Green Certificates, REGO, RGGOs, RTFCs

REGO  After a few months of continuous upward movement in the REGO market, prices peaked in October at £24.80 across all technologies. A reversal of over 60% followed this as prices dipped below £10, with only small volumes trading over the first half of November. In the second half of November, the market picked up [...]

November 16, 2023

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Green Certificates, REGO, RGGOs, RTFCs

REGO  We have seen an unprecedented upward movement in REGO prices over the past few months, reaching up to £24/REGO. With large volumes of certificates now entering the market as asset owners and certificate holders try to take advantage of the high prices, we are starting to see prices significantly soften back into the teens. [...]

July 13, 2023

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Green Certificates, REGO, RGGOs, RTFCs

REGO  As expected, the CP21 market drifted downwards as the Fuel Mix Disclosure deadline approached, but with a few spikes in pricing, a couple of the more prominent players struggled to cover large, last-minute positions.  The OTC nature of the market and the resulting lack of transparency saw some of the biggest price spreads we’ve [...]

June 16, 2023

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Green Certificates, REGO, RGGOs, RTFCs

REGO  After a big sell-off at the end of April to just below £4/REGO W/S/H, prices rebounded strongly as GOs strengthed, prompting traders to take GOs profits and buy REGOs to cover their obligations.  Prices stayed relatively strong for most of May in the mid to high £5s, but with one auction site closing its [...]

June 16, 2023

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Green Certificates, REGO, RGGOs, RTFCs

REGO  After the end of the Compliance Period, REGOs price experienced a gradual sell-off, which accelerated towards the end of April when OVO announced that they wouldn’t be using REGOs anymore.  The market experts have since shrugged off the OVO announcement as “being a cynical cost-saving exercise”.  GoOs rallied at the end of the month, [...]

Drax has agreed to a Memorandum of Understanding with C-Zero Markets about selling carbon dioxide removal credits from Drax’s first US BECCS facility. Carbon Removal C-Zero intends to buy 2,000 metric tonnes of carbon removals from Drax’s first US bioenergy with carbon capture and storage (BECCS) project for $300 per tonne.  Drax will deliver 12 […]

April 11, 2023

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Green Certificates, REGO, RGGOs, RTFCs

REGO  After dips in Prices, CP21 REGOs regained most of their losses to settle in the low/mid £5s/REGO for Biomass and mid £6s for Non-Bio. Prices for CP22 production have increased to about £9/REGO, with sellers holding back in anticipation of what the new Compliance Period will bring. Generators buying EU GoOs for their fuel [...]

March 22, 2023

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Green Certificates, REGO, RGGOs, RTFCs

REGO  Prices for CP21 REGOs (April 2022 to March 2023 generation) remain historically high but have declined over the past few weeks. Prices for CP22 (April 2023 to March 2024) production remain stable in the Mid £8s/REGO for now. A few more sellers in the market have taken advantage of the prices to lock in [...]

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