Market Conditions (June 2024 update)
We would characterise the mitigation market in the catchment as very weak due to limited supply of phosphorus credits. Mitigation is being priced on a per house basis, with the cost of nutrient credits generally being quite high. Typically these are in the region of £5,000 to £7,000 per house.
The area has a variety of levels of nutrient stripping technology at the wastewater treatment works for phosphorus. New houses currently require between 0.1 kg to 0.89 kg of phosphorus mitigation per house. This creates significant opportunities for landowners looking at mitigation schemes.
We forecast demand outstripping supply for at least the next 2 years, despite new schemes coming online (see below).