Platts to launch daily Oregon and Washington Clean Fuel Standard Program Credit assessments June 17

Platts, part of S&P Global Commodity Insights, will launch daily price assessments for Oregon and Washington Clean Fuel Standard Program credits, effective June 17, 2024.

After consultation with the market, Platts has seen interest in price assessments for both the Oregon and Washington Clean Fuel Standard Program credits.

Platts will launch current-quarter and next-quarter Clean Fuel Standard Program credit price assessments for each state program. Each assessment will roll to the next quarter on the first publishing day after the 14th of the last month of the quarter.

The assessments will consider market information reported to Platts and published throughout the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

Platts will assess a minimum traded volume of 1,000 mt.

The Oregon Clean Fuel Program and Washington Clean Fuel Standard prices will be published as an outright price in US dollars per metric ton of carbon dioxide equivalent.

The assessments will reflect a 1330 Houston time market close and would follow the Platts US publishing schedule.

The methodology and specifications for Platts existing California Low Carbon Fuel Standard credit assessment can be found here.

Please submit any feedback, comments, or questions about this proposal to mrts_biofuelsandfeedstocks@spglobal.com, and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.