Today's rateSTC $38.50·VEEC $60.00Rate card

LGCs and commercial solar

LGC spot price vs forward price

Short answer

The LGC spot price is what a registered certificate is trading for today, for prompt delivery. At the time of writing it has been roughly $6 to $9 in September 2026. Forward prices, for delivery later, can differ because they carry views on supply, demand and the 2030 end date.

Written and checked by the Energy Merchants desk · Reviewed 2 October 2026 · For installers and homeowners

The spot price is the price for immediate delivery of registered LGCs, the figure most people mean when they search for “LGC spot price”. At the time of writing it has been roughly $6 to $9 in September 2026. The word “spot” implies that the deal settles promptly, usually in a matter of days once the transfer is made in the registry. Compare this with LGC price today, which focuses on how to find a live quote.

Spot versus forward

A forward contract fixes a price now for delivery on a later date. The forward curve reflects what the market expects. If participants think supply will tighten, forward prices lift above spot. If they expect a glut, they sit below. Because the Renewable Energy Target runs to 2030, the far end of the curve is shaped by views on what happens next.

Who uses which

  • Generators often sell forward to lock in revenue for a project, and keep some for spot to stay flexible.
  • Electricity retailers buy forward to manage their annual surrender obligations.
  • Commercial solar owners above 1 MW, or with older systems above 100 kW, have a smaller volume, and may sell spot as they create certificates, or agree a regular sale with a trader.

What you need to transact

To sell LGCs, you need an accredited power station, a registry account, and a buyer. The buyer will want to see the certificates registered and available to transfer, and will pay on a settlement date agreed in advance.

Reading the headline price

A price without volume and delivery terms is only part of the picture. Small parcels can attract a lower bid, and long settlement terms cost money.

From the desk: if you are an owner of a commercial solar system that creates LGCs, ask about a regular sale arrangement, so you are not trading each parcel at a different price.

What this means for you

If you hold small volumes, a trader or broker who handles LGCs will usually be simpler than approaching retailers directly. For related reading, see what an LGC is, the STC trading pillar and the resources hub. Energy Merchants’ own rates for STCs and other certificates are on pricing.

Follow-up questions

People also ask

What is a forward price?
A price agreed now for certificates delivered at a later date.
Why might forward be lower or higher than spot?
It reflects market expectations about supply, demand and policy.
Do generators sell spot or forward?
Both. Many sell forward to lock in revenue and keep some for spot.

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