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Prices for Cross-State Air Pollution Rule end week firm to higher

Emissions allowance price indications under the Cross-State Air Pollution Rule finished the week ended Dec. 15 unchanged to higher.

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After jostling around earlier in the week, seasonal nitrogen oxide, or NOx, allowances for 2017, as of Dec. 15, were marked in a bid-and-offer spread of $140 to $200, with the midpoint unchanged from the week prior but the spread widening from a previous level of $150 to $190.

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During the week ended Dec. 15, Cross-State Air Pollution Rule, or CSAPR, seasonal NOx allowances for 2018 were quoted in a bid-and-ask range of $115 to $200, with the spread widening from a range of $125 to $180 a week earlier.

In May, CSAPR 2017 seasonal NOx prices rallied above $700 after buyers began to hedge ozone season emissions ahead of the peak summer cooling season. But an overall mild summer in many regions of the country, particularly the Northeast, led to tepid interest, which offered pressure to seasonal NOx allowance prices in September and part of October.

CSAPR 2017 annual NOx allowances were unchanged on the week in a bid-and-offer spread of $1 to $3.

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CSAPR 2017 Group 1 sulfur dioxide, or SO2, allowances were unchanged on the week, pegged at a level of 25 cents to $4. Group 2 SO2 allowances for 2017 were also firm in a bid-and-offer spread of 25 cents to $5.

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NJ solar, class I REC markets advance

New Jersey solar renewable energy credit prices rose in value during the week ended Dec. 15. Energy year 2018 SRECs saw an index at $207.83/MWh, up more $1.66 on the week. The New Jersey energy year 2019 SREC market was pegged at an index at $202.92/MWh, up about 40 cents week over week.

Prices for New Jersey class I REC markets also continued to climb. New Jersey vintage 2018 class I RECs increased 23 cents week on week to an average at $5.41/MWh.

In the nearby Pennsylvania market, tier I REC prices also rose during the period under review. The vintage 2018 tier I REC market notched an index at $5.13/MWh, up 22 cents from the week prior.

To the north during the week ended Dec. 15, vintage 2018 Massachusetts class I RECs jumped. The Massachusetts vintage 2018 class I RECs price was eyed at $20.91/MWh, rising $1.44 on the week.

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Market prices and included industry data are current as of the time of publication and are subject to change. For more detailed market data, including power, natural gas and coal index prices, as well as forwards and futures, visit our Commodities pages.