Market Commentary 21 Feb 2025
UK Renewable Transport Fuel Certificate (RTFC) trading was minimal in the week to Friday February 21, in a market dominated by low liquidity and demand, sources told Fastmarkets, while the price of most physical products to blend rose in the background.
| p/cert. | +/- | ||
|---|---|---|---|
| RTFC Index | xx | xx | |
| wRTFC 2024 | xx | xx | |
| cRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| cRTFC 2023 | xx | xx | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | xx | xx | xx |
| FAME 0 | xx | xx | xx |
| RME | xx | xx | xx |
| ULSD | xx | ||
| USD/GBP | xx | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| wRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| * 3 pence/kWh RHI | |||
Market Commentary 20 Feb 2025
| p/cert. | +/- | ||
|---|---|---|---|
| RTFC Index | xx | xx | |
| wRTFC 2024 | xx | xx | |
| cRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| cRTFC 2023 | xx | xx | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | xx | xx | xx |
| FAME 0 | xx | xx | xx |
| RME | xx | xx | xx |
| ULSD | xx | ||
| USD/GBP | xx | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| wRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| * 3 pence/kWh RHI | |||
Market Commentary 14 Feb 2025
Prices for 2024 and 2025 Renewable Fuel Transport Certificates converged during the week ending Friday February 14, with mid-week volatility and lower prices in the diesel market leading to a modest uptick in buying interest for physical product to blend, disincentivizing the need to enter the compliance market for 2025 tickets.
| p/cert. | +/- | ||
|---|---|---|---|
| RTFC Index | xx | xx | |
| wRTFC 2024 | xx | xx | |
| cRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| cRTFC 2023 | xx | xx | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | xx | xx | xx |
| FAME 0 | xx | xx | xx |
| RME | xx | xx | xx |
| ULSD | xx | ||
| USD/GBP | xx | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| wRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| * 3 pence/kWh RHI | |||
Market Commentary 7 Feb 2025
The cost of compliance credits in the UK’s Renewable Transport Fuel Obligation diverged between the 2024 and 2025 compliance years, with waste-based 2025 tickets rising but tickets for 2024 dipping on low demand.
| p/cert. | +/- | ||
|---|---|---|---|
| RTFC Index | xx | xx | |
| wRTFC 2024 | xx | xx | |
| cRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| cRTFC 2023 | xx | xx | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | xx | xx | xx |
| FAME 0 | xx | xx | xx |
| RME | xx | xx | xx |
| ULSD | xx | ||
| USD/GBP | xx | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| wRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| * 3 pence/kWh RHI | |||
Market Commentary 31 Jan 2025
The UK Renewable Transport Fuel Certificates (RTFC) market showed signs of recovery during the week ending Friday January 31, following two weeks of no activity.
| p/cert. | +/- | ||
|---|---|---|---|
| RTFC Index | xx | xx | |
| wRTFC 2024 | xx | xx | |
| cRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| cRTFC 2023 | xx | xx | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | xx | xx | xx |
| FAME 0 | xx | xx | xx |
| RME | xx | xx | xx |
| ULSD | xx | ||
| USD/GBP | xx | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| wRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| * 3 pence/kWh RHI | |||
Market Commentary 24 Jan 2025
Activity in the UK Renewable Transport Fuel Certificates (RTFCs) market remained quiet over the week to Friday January 24, with no bids, offers, or trades reported by market sources.
| p/cert. | +/- | ||
|---|---|---|---|
| RTFC Index | xx | xx | |
| wRTFC 2024 | xx | xx | |
| cRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| cRTFC 2023 | xx | xx | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | xx | xx | xx |
| FAME 0 | xx | xx | xx |
| RME | xx | xx | xx |
| ULSD | xx | ||
| USD/GBP | xx | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| wRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| * 3 pence/kWh RHI | |||
Market Commentary 17 Jan 2025
The UK’s renewable transport fuel certificate (RTFC) market remained quiet over the week to Friday January 17, with no trading reported and subdued interest defining the start of the year.
| p/cert. | +/- | ||
|---|---|---|---|
| RTFC Index | xx | xx | |
| wRTFC 2024 | xx | xx | |
| cRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| cRTFC 2023 | xx | xx | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | xx | xx | xx |
| FAME 0 | xx | xx | xx |
| RME | xx | xx | xx |
| ULSD | xx | ||
| USD/GBP | xx | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| wRTFC 2024 | xx | xx | |
| wRTFC 2023 | xx | xx | |
| * 3 pence/kWh RHI | |||