The Clean Energy Regulator is continuing to monitor forward prices to determine the point of potential convergence
between ACCUs and the equivalent carbon content of LGCs.
While a forward market for ACCUs continues to develop, trades are still sporadic and of relatively low volumes. In
lieu of ACCU forward prices, if the current ACCU spot price were to stay flat, the point of convergence will be in
early 2025 (see Figure 4.8).
The convergence may occur earlier depending on the actual future LGC and ACCU prices. An increasing forward LGC price
will shift the timeline out, whereas increasing forward ACCU prices will draw it closer.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.