Since 2005, nutrient trading has been employed to offset impacts to water quality caused by certain Virginia Pollution Discharge Elimination System (VPDES) Program permits. The VPDES Watershed General Permit allows point source dischargers in the Chesapeake Bay watershed to generate nutrient credits by discharging nutrient loads below the waste load allocations included in the general permit. These nutrient credits can be acquired by facilities that have exceeded their waste load allocations to comply with the terms of the general permit. For more information on point source nutrient trading under the Watershed General Permit, please visit the webpage VPDES webpage.

Program News

DEQ Launches Stream, Wetland, and Nutrient Credit Trading Platform

DEQ partnered with Water Ledger to create an exciting new digital compensatory wetland mitigation and nutrient credit marketplace that launched on Dec. 15. The Stream, Wetland, and Nutrient (SWaN) credit trading platform increases transparency, making it easier for permittees to purchase credits and for bankers to sell them. SWaN was developed and will be operated by Water Ledger, which received funding from DEQ through a competitive process.

SWaN offers several unique features to help permittees and bankers make more informed decisions:

  • Permit information including the project location, hydrologic unit code (HUC), contact information, and the amount and type of credits needed will automatically upload to SWaN.
  • Mitigation bank information including the service area, credit types, and credit release schedules will automatically upload to the platform as soon as a bank is approved.
  • Credit reservations on the platform in lieu of letters of credit availability.
    Access to market analytics, historical pricing, and trends for each watershed, as well as supply and demand forecasts.
  • Access to trades including credit balances, documents, and payments.

For more information, read the full news release.

Stream Nutrient Credit Guidance Changes 

Guidance Memo GM23-2004 - Accelerated Release of Nonpoint Source Nutrient Credits for Stream Restoration Projects 

The guidance establishes that upon demonstration that the conditions for an accelerated stream nutrient credit release have been met, DEQ may release up to 75% of the project’s calculated credits (the initial 25% release plus an additional accelerated release of up to 50% based upon the criteria established in SB 187 and GM23-2004).

What is Nutrient Trading?
What is My NPS Nutrient Credit Requirement?
Available Nutrient Credits for Sale
NPS Nutrient Credit Certification
Target Schedule for NPS Nutrient Credit Certification
Laws, Regulations and Guidance