Small-scale Technology Certificates (STCs)
In recent quarters the spot STC pricing profile has seen the spot price soft early in the quarter with stronger prices following as the final compliance period draws closer. Indeed such an outcome is in line with the prevailing logic surrounding both the cost of carry and the fact that more buyers are expected to come out close to compliance. In Q2 2014 this profile has been turned on its head proving the STC market can still surprise. Meanwhile the Palmer United Party’s support of the RET has restored some confidence in the industry moving forward though the SRES remains particularly vulnerable to non legislative changes.