RepuTex’s ACCU price benchmark has been recognised as the “Default Prescribed Unit Price” (DPUP) by the Australian Government, setting the standard price for prescribed carbon units in Australia’s emissions compliance market, the Safeguard Mechanism.
In 2023–24, RepuTex became the first Australian price reporting agency to comply with the International Organization of Securities Commission’s (IOSCO) PRA Principles, governing global securities and commodity benchmarks.
This established an auditable price benchmark for Australia’s carbon market, which has become the most widely adopted reference for the value of ACCUs sold under spot and forward contracts in Australia.
As an auditable price reference, RepuTex’s price benchmark may be formally adopted as a Commodity Reference Price (CRP) by regulators, auditors, or market participants to set fair market value in regulatory disclosures (e.g. determining liabilities or penalties), financial contracts (such as spot or derivatives settlement in ISDA-based contracts), mark-to-market position valuations, and audited climate related financial disclosures.
The Default Prescribed Unit Price is an average of ‘prescribed carbon unit’ trades for a financial year, including ACCUs (across all methods) and Safeguard Mechanism Credits (SMCs), and provides the market with a standard benchmark for calculating the cost of managing excess emissions – linked to an audited reference price.
The Safeguard Mechanism default prescribed unit price for 2024-25 is $36.05.
Interim estimates of the default prescribed unit price will be published by the Department on a quarterly basis.
View our full price methodology, including our daily assessment process and assurance reviews >>
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Kind Regards,
The RepuTex Team
Australian Energy Markets
