Mercari

 Mercari Licensed Electronic Swap Execution Facility  Mercari Licensed Electronic Swap Execution Facility

LGC Closing Rates

Mercari operates an end of day closing rates window for Large-scale Renewable Energy Certificates (LGC) utilising Mercari's proprietary eSEF technology. LGC contract specifications are available here.

For additional detail on the process or other information, please contact us.

LGC - Large-Scale Generation Certificates

LGC Closing Rates
Tenor Bid Offer Mid Point Index
Spot 81.70 82.60 82.150
Cal 16 81.95 84.55 83.250
Cal 17 85.20 86.65 85.925
Cal 18 78.05 87.15 82.600
Cal 19 81.10 87.70 84.400
Cal 20 80.60 90.65 85.625
Table Legend

Blue – Firm Tradable Prices
Green - Market Survey
Red – Calculation

Settlement prices are calculated in several ways. For a more details please see the methodology guide below.

Spot Closing Price History

Spot Closing Price History

Forward Price Curve Based on Mid Point Index

Forward Price Curve Based on Mid Point Index
LGC Closing Settlement Price Methodology

Firm Tradable Prices

  • Method A represents firm prices tradable on screen by counterparties with investment grade credit ratings except for Spot.
  • More information on Method A guidelines is available on request.
  • Method B will substitute if necessary.

Market Survey

  • Method B prices will be determined by a confidential market poll conducted anytime between 4pm – 4.30pm.
  • Three market participants, with credit ratings as defined in Method A, will be asked to provide prices that, in their opinion, reflect levels at which a willing but not anxious participant would buy or sell.
  • Method B prices are not firm and are reference levels only.
  • Method C will substitute if necessary.

Calculation

  • Method C employs Mercari's LGC Cost of Carry Model.
  • Method C prices are not firm and are reference levels only.



Disclaimer
This price information is for informational purposes only and is provided on a "best endeavours" basis. The information contained is of a general nature and nothing herein shall be construed as financial advice or a recommendation or solicitation to purchase or sell any financial product. Any use of this information is done so at the user's risk only. Mercari provides no guarantees as to the completeness or appropriateness of this information for any purpose. If you receive this correspondence in error, please delete it from your system and notify the sender.