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CSAPR 2016 seasonal NOx allowance prices extend lower

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CSAPR 2016 seasonal NOx allowance prices extend lower

During the week ended Dec. 16, price indications for emissions allowances under the Cross-State Air Pollution Rule eased again.

CSAPR seasonal NOx allowances for 2016 were seen in a bid-and-ask spread of $125 to $160, down from a level of $140 to $160 a week earlier. Over the last month, 2016 CSAPR seasonal NOx allowance prices have fallen steadily from the $200-mark amid generally lackluster buying interest.

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The 2017 CSAPR seasonal NOx market held to a bid-and-offer range of $350 to $900. CSAPR annual NOx allowances for 2016 also remained steady during the week under review, marked in a bid-and-ask spread of $3 to $10.

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CSAPR SO2 Group 1 and Group 2 allowances for 2016 were also unchanged on the weekly period, holding firm in a bid-and-offer range of 50 cents to $10.

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NJ solar REC prices head into 2nd half of month flat to higher

Heading into the second half of the month, solar renewable energy credit markets in New Jersey were firm to higher after surging more than $15 in value the week prior.

Garden State energy year 2016 SREC prices came in at $227.50/MWh during the week ended Dec. 16, firm on the week, while the energy year 2017 market was pegged at an average of $235.63/MWh, rising more than $4.50 week over week.

Following gains the week prior, New Jersey markets class I REC prices worked lower during the week ended Dec. 16. New Jersey vintage 2016 vintage class I RECs notched an index at $7.44/MWh, easing 6 cents, while 2017 vintage class I RECs saw an average of $7.71/MWh, dropping 32 cents week over week.

In the neighboring Pennsylvania tier I REC market, prices were poised lower as well during the week ended Dec. 16. Vintage 2016 tier I RECs in the Keystone State came in at $7.06/MWh, while the vintage 2017 tier I REC market posted an index of $7.41/MWh, declining 10 cents and 15 cents, respectively, on the week.

In Connecticut, class I REC markets were steady to weaker heading into the second half of December. Vintage 2016 class I prices in the state came in at $19.79/MWh, losing 73 cents week over week, with vintage 2017 class I RECs pegged at $23.75/MWh, flat to the week prior.

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