RE:BC Low Carbon Fuel Market Pricinglongrun86 wrote: For those keeping any eye on the situation, the BC Governament maintains a "spreadsheet" with the volume and pricing.
Link here[url=https://https://www2.gov.bc.ca/gov/content/industry/electricity-alternative-energy/transportation-energies/renewable-low-carbon-fuels/credits-market]https://www2.gov.bc.ca/gov/content/industry/electricity-alternative-energy/transportation-energies/renewable-low-carbon-fuels/credits-market[/url]
Its very clear that the value of both LCFS and TWM are significantly impacted by this.
As to whether or not the BC election will have an impact on this is unknown; however, it seems as though this is a low priority compared to things voters care about. On the conference call it was clear that without changes from the government, their are crazy loopholes for US based providers to double dip and for this reason, the market is effectively broken. You can see this in both the July and August credit market volumes.
I would appreciate if anyone has any unique insights on the situation.
LR
Hi longrun86.
I see that there was one transaction for August at $350. See my earlier post about the possible sale from LCFS-T to TWM-T. That may be the norm for the next 9 months. TWM seems happy enough to get them at that price. I don't have any other insight apart from "the guy" from Credential Direct that buys the dip along with me.
You should follow the CARB LCFS market as well as it is rising fast since the last QTR . Now at a 6 month high of $66 US fom a low of $44US. Big change coming January to stem the glut in California.
https://www.neste.com/investors/market-data/lcfs-fuel-standard-credit-price