Stormwater Credit Exchange

 

Mission Statement

The Stormwater Credit Exchange (SCE) is a clearinghouse service that allows participants who reduce their "stormwater runnoff footprint," the total stormwater runnoff from a property during a storm event, to market those credits. Participants who do not reduce their footprint can make offers to purchase offset credits via the SCE.

Every time a stormwater runnoff credit is purchased or sold via the SCE, the credit holder will be designated with a Stormwater Retention Credit (SRC) certifying that the holder sold or purchased the credit. One SRC = 1 gallon of retention for one year. SCE is establishing a baseline rate for one SRC that equals $1. It is for reference purposes only because the marketplace will establish the true price. SRCs can be bought and sold though the SCE at a miniumum rate of $1 per SRC.

The Stormwater Credit Exchange offsets are based on the reduction or elimination of stormwater runoff. The offsets are also based on activities by SCE participants.

Under the DC Department of the Environment (DDOE) Stormwater Retention Credit Trading Program, all regulated development sites would have a net retention requirement, which could be achieved through a combination of on-site practices. All regulated sites would be required to achieve a minimum amount of their 1.2" retention volume on site.

The SCE is a private sector complement to a public sector program.

 

SCE Information Chart

Item Price or Sq Ft Gallons
     
SRC $ 1.00 (or market rate) 1
ERU 1,000  
ERU $ 6.64 (Rate)*  
ERU 1,000 710.75
1.2 Inch Rainfall 1,000 710.75

 

* Residential Customers: Beginning in FY 2011,all residential customers will be assessed ERUs based upon the amount of impervious surface on their property and the following six-tier rate structure:

Impervious Area (Sq Ft) ERU Rate Monthly Cost
100-600 0.6 $6.64 $3.98
700-2,000 1.0 $6.64 $6.64
2,100-3,000 2.4 $6.64 $15.94
3,100-7,000 3.8 $6.64 $25.23
7,100-11,000 8.6 $6.64 $57.10
11,100 + 13.5 $6.64 $86.64

All nonresidential customers are assessed ERUs based on the total amount of impervious surface on each lot. (DC Water)

 

 

 

SCE is operated by the Center for Environment, Commerce & Energy (Center). The Center was founded in 1985 and is a national environmental organization dedicated to protecting the environment, enhancing human, animal and plant ecologies, promoting the efficient use of natural resources and increasing participation in the environmental movement. The Center resolves environmental problems through the application of practical environmental solutions.

Copyright  ©  2012,   Center for Environment, Commerce & Energy

Developed with support from Water Management, Inc. (WMI)