STC Market Update – 21st October 2019
The STC market was generally stable last week with the price finishing up at the same level as where it started. The spot price opened at $38.00 rising to a high mid week of $38.30 before falling late in the week back to $38.05. The sustained buying demand was slightly unexpected with only a week left in the 3rd quarter surrender period. The market was very active with a high volume of trades reported across the week.
The forward market was also very busy with high volume trades reported for early to mid 2020 at around the $37.75 level.
The number of STC’s created last week was just over 800,000. This is the highest amount of creations recorded all year and signals the start of the solar boom as we enter into summer.
The number of STC’s listed on the clearing house currently sits at 315,618, down another 23,000 from last week. A link to the STC clearing house can be found here.
Our latest pricing for both registered and non-registered STC’s can be found here.