RepuTex, the largest price reporting agency (PRA) and intelligence provider for Australia’s energy transition and low-carbon commodity markets, has achieved Type 1 accreditation for its Australian carbon and energy price benchmarks.
The independent assurance review of RepuTex’s suite of energy and carbon price benchmarks was conducted by BDO, confirming alignment with the International Organization of Securities Commissions (IOSCO) Principles for Oil Price Reporting Agencies.
Why do auditable carbon reference prices matter?
As an auditable price reference, our carbon price benchmarks may be adopted as a Commodity Reference Price (CRP) by regulators, auditors, or corporates to set fair market value in regulatory disclosures (such as liabilities), referenced in financial contracts (such as settlement in ISDA-based contracts), mark-to-market position valuations, and audited climate related financial disclosures.
Auditable benchmark prices are therefore critical for reliable and verifiable financial disclosures and contracting.
What makes a benchmark IOSCO-compliant?
The IOSCO PRA Principles are the “gold standard” for commodity price reporting, ensuring reported prices are robust, reliable, and free from manipulation.
Critically – price reporters must not have a vested interest in any given market.
They must not be compensated on transaction volume or value, nor can they trade or own the units they price.
This sets RepuTex apart. Unlike brokers or trading platforms, RepuTex is not compensated on transaction volume or value, nor do we trade or own any units that we price. We are not a broker, trader or intermediary – our benchmarks are therefore independent, and reliable, enabling us to meet accreditation standards under the IOSCO framework.
Our reporting team and systems are governed by strict rules and control processes which meet external assurance standards for commodity benchmarks. These controls mean our customers can trust that our benchmarks are published to the highest standards globally, supporting extended use cases – including financial risk management and regulatory disclosures.
Notably, RepuTex market data underpins the calculation of the “default price” under Australia’s emissions compliance market, the Safeguard Mechanism, published each quarter by the Australian Government.
This provides compliance entities with a benchmark value, used as the standard reference for the prevailing price of all prescribed carbon units in Australia.
To learn more, please contact our price reporting team via reporting@reputex.com
Kind Regards,
The RepuTex Team
Australian Energy Markets
