Weekly LCFS credit volume began its cyclical trend higher last week, while the average price paid per credit moved lower. Spot market prices experienced the largest weekly decline in nearly a year. Transaction volume is expected to remain heavy, increasing through October. The next LCFS reporting period ends October 2, 2023, with a publication date of October 31, 2023.
2023 LCFS credit volume was 4.1 million above 2022 volume through the same period but generated $936 million less in revenue. The average 2023 credit price of $76.20 was fifty-nine percent below the 2022 average of $121.10. LCFS credit volume was higher, but due to deflated credit prices, revenue is at multi-year lows.
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