[Download link at the bottom of this post]

A. Trading Report

• Volume shoots to 13,291,000, end-of-year trading activity begins
• Sell-side pressure on longer contracts lead to weekly price fall of $0.03
• Draft Scoping Plan released, 2017 auction price floor at $13.57

B. Price Expectations

• Volume being driven by annual forward rolls, expected for next 2 months
• Forward curve not reflective of market future, instead represents carry rates
• Expected V16 ranges: $12.79 – $12.84 (Front); $13.17 – $13.22 (2017 Benchmark)

C. CCO Tracker

• 71k ROCs added to the registries
• Second and third reporting periods of Round Valley Indian Tribe IFM (ACR 173) gains 53k new credits
• Van-Erk Dairy Digester (CAR1064) gains 10k new credits
• Synergy Biogas (ACR235) awarded 6k new ROCs.
• SES announced as verifiers for ODS project.
• S&A Carbon will be second verifiers for first reporting period of Bishops IFM

D. Policy Tracker

• SB 32, AB 197, SB 1386, AB 33 signed by Governor, legislature resumes in 2017

E. Key Dates

• Dec 8 – ARB Board Meeting
• Dec 14 – ARB Public Workshop

Download this Report (pdf)