Carbon Markets

NOTICE: DCCEEW publishes updated estimate of Safeguard Mechanism default price

The federal Department of Climate Change, Energy, the Environment and Water (DCCEEW) recently published its year-to-date (YTD) interim estimate of the default prescribed unit price under the Safeguard Mechanism through Q4 2025.

The default price reflects the average price of all prescribed units traded in the Australian carbon market during a financial year, providing compliance entities with a benchmark value to calculate the cost of compliance under Australia’s Safeguard Mechanism.

RepuTex market data underpins the calculation of the default price for Australian compliance market. In line with the IOSCO PRA Principles, we compile market data including confirmed trades reported directly to our price assessment team each day by active market participants.

Based on market data from 1 July 2025 to 31 December 2025, DCCEEW’s interim estimate of the Safeguard Mechanism DPUP is $36.78, up from $36.34 in the previous reporting period.

In 2024-25, RepuTex’s reported coverage was 1.8x the trade volume of any other single market data source. The default price is therefore calculated using the widest universe of information available for the Australian OTC market, incorporating data for all ACCUs and SMCs traded in the spot market, weighted by volume.

View the underlying dataset and trade log >>

Kind Regards
The RepuTex Team
Australian Energy Markets

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