Your existing fleet of Class 1-8 electric vehicles (EVs), electric transport refrigeration units (eTRUs), or publicly accessible charging stations can earn your company incentive revenue through the British Columbia Ministry of Energy, Mines and Low Carbon Innovation’s Low Carbon Fuel Standard program. With zero change to your operations, you can start generating incentives to help offset the cost of charging and maintaining your equipment or you can fund new sustainability initiatives
What is the BC-LCFS?
The British Columbia Low Carbon Fuel Standard (BC-LCFS) is a program that aims to reduce the carbon intensity of transportation fuels in British Columbia.
The BC-LCFS was established in 2008 and implemented in 2013 with the goal of reducing the carbon intensity (CI) of fuels used in the province. The BC-LCFS functions in much the same way as the California LCFS, the Oregon Clean Fuels Program (CFP), and the Washington State Clean Fuel Standard (CFS). The BC-LCFS is designed to decrease the carbon intensity of British Columbia’s transportation fuel pool by 20% relative to 2010 levels and provide an increasing range of low-carbon and renewable alternatives, which reduce petroleum dependency and achieve air quality benefits.
British Columbia’s low carbon fuel supply is expected to grow significantly over the next 20 years as electric vehicle use increases. The electricity that displaces gasoline and diesel in transportation vehicles is considered an incentivized Part 3 fuel under the Greenhouse Gas Reduction Act. Part 3 fuels are subject to the reporting requirements under the Act. This generates revenue for low carbon transportation fuel suppliers and supports investment in clean fuels and vehicles.
The BC-LCFS program serves as an important tool to achieve the province’s overall carbon reduction goals for the transportation sector, and encourages low-carbon investment and innovation.
e-Mission Control is registered as a corporate entity in Canada and helps facilitate participation for your on-road vehicle fleet in the BC-LCFS market.
How Do You Earn and Monetize Credits?
Energy Consumption Data Collection
eMC submits all reports – We register our partners in all appropriate province systems, manage reporting submissions, system management and all other government interaction needed to generate BC-LCFS credits.
Data Reporting and Credit Generation
Every year, data is collected and/or reconfirmed, reports are developed and submitted to the Ministry, credits are generated, transacted, transferred, and payments are issued to credit-generators. e-Mission Control manages all of this for you, with our proprietary SaaS solution.
Credit Transaction and Monetization
e-Mission Control generates and trades your credits – We trade your credits on an open market to oil producers and refiners required to purchase them. We leverage the best pricing by combining your credits with the rest of our portfolio.
After the reporting compliance date of March 31st, you will be issued incentive payments to help advance your company’s sustainability initiatives
BC-LCFS Credit Market Function
Under the BC-LCFS program, companies can earn credits by producing or importing low-carbon fuels, implementing process improvements that reduce the carbon intensity of their fuels, or purchasing verified carbon offset credits. Companies with surplus credits can then sell them to other companies that need to offset deficits.
Companies are given a compliance target, which represents the maximum amount of greenhouse gas they are allowed to emit. Companies that cannot meet their compliance target through the production of low-carbon fuels, or the implementation of process improvements, must purchase credits from companies that have surplus credits.
The BC-LCFS credit market is designed to create a financial incentive for companies to reduce their carbon emissions, as companies that produce or import low-carbon fuels can earn revenue from selling their credits to other companies. It provides a flexible means of compliance, allowing companies to achieve reductions in the most cost-effective way possible.
BC-LCFS Eligible Equipment*
- EVSEs representing the charging of on-road electric vehicles (light-duty vehicles, medium-duty vehicles, heavy-duty vehicles)
- Electric transportation refrigeration unit (eTRU) containers
*e-Mission Control is providing analysis to the Ministry for the inclusion of other common types of electric equipment and vehicles.