Criteria for Credible Cross-Market Energy Attribute Certificate Transactions
The lack of clear, internationally recognized guidance for cross-boundary Energy Attribute Certificate (EAC) transactions creates significant uncertainty for market participants. Current voluntary standards and compliance programs treat the ability to transact across markets differently, with some recognizing a wide range of cross-border exchanges and others restricting them more narrowly. This inconsistency limits procurement options and can undermine claims credibility when renewable generation is sourced across borders, underscoring the need for clear criteria to determine which types of cross-market transactions are credible.
Uncertainty about how different frameworks treat cross-border EACs creates a risk of reduced flexibility in sourcing renewables. Rather than focusing on how to define markets, this project will instead examine the conditions in adjacent markets to identify the types of transactions that can be considered credible across boundaries. Absent clear guidance, buyers, suppliers, and regulators will face challenges aligning credible claims with evolving geographic and temporal matching rules.