[Download link at the bottom of this post] 

A. Trading Report

• All prices precisely level for week, front finishes at $12.72.
• Miniscule traded volume of 328,000.

B. Price Expectations

• Flat prices and tiny volumes may signify market now at clearing price.
• Forward curve now beneath all auction floors after 2016.
• Expected V16 ranges: $12.73 – $12.68 (Front); $13.0 – $12.95 (Benchmark). 

C. Sectorial Positions

• WTI oil price crosses $35 per barrel; Oil & Gas may provide buy-side interest

D. CCO Tracker

• 125,282 ROCs allocated to an EOS Climate ODS project
• 2 new verifier appointments in the past week

E. Policy Tracker

• No developments to key legislation.

F. Key Dates 

• March 15 – ARB holds an update meeting on AB 32
• March 17 – ARB board meeting

Download this report (pdf)