SPOT PRICE

[FDI]

Hi,

Please could you explain why the CERSPA suggests to evaluate SPOT PRICE through 2 or 3 brokers (we'd have to pay once again) and not through the free and downloadable X last days/months CER SPOT PRICE on Bluenext or NOrdpool ?

best regards
FDI

[Thiago Chagas]

Hello FDI,

You are right. Having the possibility of defining "spot price" through an exchange which deals with CERs spot transactions is a simpler procedure. The CERSPA version 1.0 did not offer this option as there was no CER spot prices listed in exchanges at the time the template was developed. This is being now addressed during the preparation of the second version of the CERSPA template.

Note, however, that the liquidity in the spot market is still very low. CER spot trades are limited to the fact that only a few countries have functioning registries which are also capable of receiving CERs at this point in time. Most of the speciliased exchanges are now trading futures CER contracts. If I am not mistaken, Nordpool still only offers trading in CER futures and Bluenext is preparing for launching its spot CER trade (and Climax has recently announced the execution of a exchange spot trade deal).

We appreciate your comments and look forward to receiving any other suggestions and/or questions!

Regards,

Thiago

     

[FDI]

Thank you