.jpg)
CBL Markets Continues Growth & Launches US Renewable Energy Trading
- #cblmarkets--CBL
Markets, the leading spot exchange operator for environmental
commodity markets, continues its expansion today announcing the first
trade of its spot US Renewable Energy Certificate (REC) contract which
comes at the end of a record trading week in its spot emission markets.
The first contract was a Connecticut Class 1 RECs Vintage 2017 Spot Product in the New England Power Pool (NEPOOL) Market, traded at USD$20.
With US Renewable Portfolio Standards (RPS) demand expected to double from 2015 to 2030, the launch of spot US REC contracts by CBL is changing the landscape for market participants and brokers. These contracts will enable the market to electronically access RECs with straight-through processing, reduced transaction costs and significant reductions in counterparty risks.
“With REC demand increasing, the launch of CBL into US renewables adds further value to market participants who can spot trade energy and emission products side-by-side” said Nathan Rockliff, Managing Director (US) at CBL Markets.
CBL initially announced its plan to launch spot US RECs in January, following a partnership with APX, the leading provider of infrastructure solutions to North American renewable energy markets, to provide electronically cleared and same-day settled spot US RECs.
“By connecting the CBL exchange platform to APX’s infrastructure, participants and brokers can access spot REC products efficiently and cost-effectively, with enhanced price discovery and continuous trading contracts” adds Mr. Rockliff.
Following the successful launch of NEPOOL RECs, CBL plans to enable market participants to trade PJM RECs through its integrated electronic exchange platform.
The launch of NEPOOL RECs comes at the end of a record week in CBL’s North American spot emission markets, with 117,000 units transacted across 26 trades since July 31. The majority of these transactions have been for RGGI CO2 Allowances.
This announcement follows the appointment of Chris Ruck as Vice President last week, to drive sales and trading activity in North American compliance markets.
About CBL Markets
CBL Markets is a global exchange providing market participants with access to the world’s environmental commodity markets. For more information please visit cblmarkets.com or follow us on Twitter.
ContactsCBL Markets
Nathan Rockliff, +1-347-325-4655
Managing Director (US)
[email protected]
&source=" target="_blank" />
- First trade for CBL spot US REC contract
- Record trading week for CBL in North American spot emission markets
NEW YORK & SYDNEY–(BUSINESS WIRE)–#cblmarkets—CBL
Markets, the leading spot exchange operator for environmental
commodity markets, continues its expansion today announcing the first
trade of its spot US Renewable Energy Certificate (REC) contract which
comes at the end of a record trading week in its spot emission markets.
The first contract was a Connecticut Class 1 RECs Vintage 2017 Spot
Product in the New England Power Pool (NEPOOL) Market, traded at USD$20.
With US Renewable Portfolio Standards (RPS) demand expected to double
from 2015 to 2030, the launch of spot US REC contracts by CBL is
changing the landscape for market participants and brokers. These
contracts will enable the market to electronically access RECs with
straight-through processing, reduced transaction costs and significant
reductions in counterparty risks.
“With REC demand increasing, the launch of CBL into US renewables adds
further value to market participants who can spot trade energy and
emission products side-by-side” said Nathan Rockliff, Managing Director
(US) at CBL Markets.
CBL initially announced its plan to launch spot US RECs in January,
following a partnership with APX, the leading provider of infrastructure
solutions to North American renewable energy markets, to provide
electronically cleared and same-day settled spot US RECs.
“By connecting the CBL exchange platform to APX’s infrastructure,
participants and brokers can access spot REC products efficiently and
cost-effectively, with enhanced price discovery and continuous trading
contracts” adds Mr. Rockliff.
Following the successful launch of NEPOOL RECs, CBL plans to enable
market participants to trade PJM RECs through its integrated electronic
exchange platform.
The launch of NEPOOL RECs comes at the end of a record week in CBL’s
North American spot emission markets, with 117,000 units transacted
across 26 trades since July 31. The majority of these transactions have
been for RGGI CO2 Allowances.
This announcement follows the appointment
of Chris Ruck as Vice President last week, to drive sales and
trading activity in North American compliance markets.
About CBL Markets
CBL Markets is a global exchange providing market participants with
access to the world’s environmental commodity markets. For more
information please visit cblmarkets.com
or follow us on Twitter.
Contacts
CBL Markets
Nathan Rockliff, +1-347-325-4655
Managing Director
(US)
[email protected]
