ACCU Market Monthly Update - March 2026

Highlights from the ACCU Market Monthly Update for March 2026

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• Subdued conditions persisted through March, marking a soft conclusion to the compliance period.
• Total volumes across ACCU and SMC eased to 1.95 million units (down from ~2.5 million in January and February), supporting the view compliance demand was more evenly distributed across the 2025–26 cycle.
• Generic spot ACCUs traded rangebound, with the market hitting $36.90 (12 Mar) before closing $36.30 (up $0.05 m/m).
• SMC activity remained elevated (though below February’s highs) and pricing continued to track closely with ACCUs, reflecting growing integration of SMCs into compliance strategies.
• With surrender now largely complete, attention is shifting to forthcoming Safeguard liability data from the Clean Energy Regulator as a potential near-term catalyst.

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