Platts launches daily Canada Clean Fuel Regulations and British Columbia Clean Fuel Standard Program Credit assessments

Platts, part of S&P Global Commodity Insights, has launched daily price assessments for Canada Clean Fuel Regulations and British Columbia Low Carbon Fuel Program Standard Program credits, effective Sept. 3, 2024.

Platts has launched these assessments in response to the industry’s requests for enhanced price transparency of the credits markets, and the increasing importance of biofuels in Canada.

Platts has launched current-quarter and next-quarter Canada CFR price assessments for two compliance categories:

• Compliance Category 2: Supplying low carbon intensity fuels (e.g., ethanol, biodiesel); and
• Compliance Category 3: Supplying fuel or energy to advanced vehicle technology (e.g., electricity or hydrogen in vehicles).

Platts has also launched current-quarter and next-quarter British Columbia Low Carbon Fuel Standard carbon credit price assessments.

Each of the price assessments will roll to the next quarter on the first publishing day after the 14th of the last month of the quarter.

The assessments 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.

The new assessments reflect a minimum traded volume of 1,000 metric tons.

The Canada CFR and BC LCFS credits prices are published as an outright price in Canadian dollars per metric ton of carbon dioxide equivalent, as well as in US dollars per metric ton of carbon dioxide equivalent, derived from the conversion of Canadian dollars. Platts uses the exchange rate indicated by the symbol CADUS00.

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

The new assessments are published in Platts Biofuelscan, Platts Biomass-Based Diesel Report and on Platts Connect.

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 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.