Virtual PPA Accounting Standard Revision Comment Period Opens

Hourly matching requirements and cross-border certificate mutual recognition face pushback from enterprises.

As 24/7 carbon neutrality commitments become mainstream, corporate virtual PPA accounting faces re-examination.

Background

Virtual PPA (Virtual Power Purchase Agreement) is a financial contract for enterprises to purchase renewable energy without physical power delivery.

Accounting draft attempts to distinguish two types of contracts:

Type 1: Physical Delivery

Actual renewable energy purchase
Requires hourly sourcing proof
Can be included in corporate carbon accounting

Type 2: Financial Hedge

Price locking only
No physical power delivery
Only as financial hedge tool
Cannot be counted in carbon emissions accounting

Key Disputes

Dispute 1: Hourly Matching Mandatory?

| Position | Enterprise Type | Reason | |----------|----------------|--------| | Support | Large tech companies | Have 24/7 commitments, need granular sourcing | | Oppose | SMEs | Costs would surge |

Dispute 2: Cross-border GO Certificate Recognition

Issue:

EU GO certificates
Member state green certificates
Asia-Pacific RECs

Double counting prohibition:

Multinationals have carbon neutrality commitments in multiple regions
One unit of green electricity might be counted as emissions reduction in multiple places

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