Cellulosic Waiver Credits under the Renewable Fuel Standard Program
For any calendar year for which the projected volume of cellulosic biofuel production is less than the applicable volume of cellulosic biofuel set forth in Clean Air Act (CAA) section 211(o)(2)(B)(III), EPA must reduce the required volume of cellulosic biofuel for that year to the projected volume, and must provide obligated parties the opportunity to purchase cellulosic waiver credits. The price of these credits is determined using a formula specified in the CAA. Credits cannot not be traded or banked for future use. They must be used to meet the cellulosic biofuel standard for the year that they are offered.
The documents below serve the required notice of the Cellulosic Waiver Credit price and the prices are summarized in the following table:
| Year | CWC Price | Year | CWC Price | |
|---|---|---|---|---|
| 2010 | $1.56 | 2020 | $1.80 | |
| 2011 | $1.13 | 2021 | $2.23 | |
| 2012 | $0.78 | 2022 | $2.31 | |
| 2013 | $0.42 | |||
| 2014 | $0.49 | |||
| 2015 | $0.64 | |||
| 2016 | $1.33 | |||
| 2017 | $2.00 | |||
| 2018 | $1.96 | |||
| 2019 | $1.77 |
Cellulosic Waiver Credit Price Calculations
- Cellulosic Waiver Credit Price Calculation for 2021 and 2022 (pdf) (August 2022, EPA-420-B-22-033)
- Cellulosic Waiver Credit Price Calculation for 2020 (pdf) (January 2020, EPA-420-B-20-005)
- Cellulosic Waiver Credit Price Calculation for 2019 (pdf) (December 2018, EPA-420-B-18-052)
- Cellulosic Waiver Credit Price Calculation for 2018 (pdf) (December 2017, EPA-420-B-17-036)
- Cellulosic Waiver Credit Price Calculation for 2017 (pdf) (November 2016, EPA-420-B-16-087)
- Cellulosic Waiver Credit Price Calculation for 2016 (pdf) (November 2015, EPA-420-B-15-092)