Moffat: RNG credit value shifted from mostly LCFS to 70% RINs
Brandon Moffat · Betting big on renewable natural gas · Mar 23, 2023 · at 30:36
Brandon Moffat, co-founder of StormFisher, discusses how relative pricing between federal RINs and California LCFS credits evolved between 2020 and 2023.
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“What I'd tell you today probably would be sort of 70% RIN, 30% LCFS. Well, depending on which source of gas and where the market goes, all of a sudden that seems to swing back around. So they seem to stabilize each other, so the average range of 50 to 90, depending on which gas we're talking about, is pretty consistent, but three years ago, where most of your money would have come from your LCFS and less from your RINs is now flipped.”
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