Mukri bog, Estonia. Credit Martin Hallang.
Registry Fees
Account Fees
Below is a list of the various account types along with their respective costs. All accounts are publicly visible on the UK Land Carbon Registry.
| Type | Paid by | When | Cost |
|
Account Opening Project Developers/Proponents |
N/A | N/A | Free |
|
Account Opening - Corporate End Users |
Corporate End User Account Holder |
Prior to account opening |
£400 businesses £200 NGOs |
| Account Opening - Traders or Retail Aggregators | Trader or Retail Aggregator Account Holder | Prior to account opening | £750 |
| Annual Account Management - Traders or Retail Aggregators | Trader or Retail Aggregator Account Holder | Annually on the anniversary of account opening | £750 |
Fees for issuing Pending Issuance Units (PIUs)
Below are the costs for PIU issuance at validation
| Type | Paid by | When | Cost |
| Pending Issuance Unit issuance | Project developer | At validation |
£0.15 per unit
(of which £0.10 per unit funds Scottish Forestry/IUCN UK Peatland Programme to support the standards) |
Fees at verification
At verification there is always a minimum fee of £100 payable. If the combined cost of Pending Issuance Unit conversion and/or additional Peatland Carbon Unit issuance exceeds £100, the charge is based on the actual unit issuance and conversion fees.
For example, if the total cost of conversion and issuance is £80, you will be charged £100. If the total cost of conversion and issuance is £120 you will be charged £120.
| Type | Paid by | When | Cost |
| Converting Pending Issuance Units (PIUs) to Peatland Carbon Units (PCUs) | Project Developer | At each verification |
Minimum £100, plus £0.10 per unit for higher volumes (of which £50 and £0.05 per unit for higher volumes funds Scottish Forestry/IUCN UK Peatland Programme to support the standards). |
| Peatland Carbon Unit issuance (new PCU issued at verification, without prior PIU issued | Project Developer | At each verification |
Minimum £100, plus £0.15 per unit for higher volumes. (of which £50 and £0.10 per unit funds Scottish Forestry/IUCN UK Peatland Programme to support the standards). |
Administrative fees
| Type | Paid | When | Cost |
| Reinstating units assigned or retired in error (reported within 72 hours of assignment/ retirement with evidence to confirm the error) | Account holder who instigated the assignment or retirement | As required | £90 for up to 10 blocks of credits |
Frequently asked questions
There are 2 types of validation - when do I pay the PIU issuance fee?
At project plan validation, you may choose whether to have PIUs issued at this point or wait to have the PIUs released at Restoration Validation. It is recommneded to wait till Restoration restoration before issuing PIU's.
When PIUs are requested, an invoice is raised by the S&P registry team, once the invoice is paid the PIUs are then issued on the UK Land Carbon Registry.
Can I just skip having to pay for PIUs and wait unit PCUs at verification?
No, PIUs must be issued at either Project Plan or Restoration Validation. The Levy is an important source of income for the Peatland Code and without it we wouldn’t be able to offer such a high integrity standard.
What happens if I don’t pay my PIU or PCU fees?
The project is not marked as ‘validated’ or ‘verified’ until the fee is paid.
How do I pay my registry fees?
Your account will receive an invoice from the registry.
