R1: Compliance - REC/SREC
What this route does.
R1 turns verified metered generation into compliance-grade certificates under live programs (e.g., REC/SREC regimes, SMART, STC). It operates ex-post: nothing issues until evidence is verified and one-claim exclusivity is guaranteed. No evidence → no token → no settlement.
PoV in Action
Gate
The PoV Gate enforces three rules before any state change:
Quorum present
Equality of evidence (every counted attestation references the exact evidenceHash and batch/window),
One-Claim exclusivity (the claimId has not been finalized anywhere in the network). If any rule fails, no mint, no issue, no settle.
Issue the compliance unit
At 100 ETT (1 MWh), EDMA requests issuance in the official registry for the jurisdiction (REC/SREC or SMART/STC crediting). Issuance/retirement identifiers are then mirrored on-chain; the consumed ETT are stamped & locked so the same MWh cannot back any other claim (e.g., a carbon ton). One MWh → one claim.
List & Settle
The issued asset can be listed on the Token/NFT marketplace with full lineage (evidence → attestors → proof → registry issue). Settlement is in $EDM under route policy. If an upstream attestation is later revoked, dependent listings and transfers auto-flag/freeze until rectified; lineage remains append-only.
Outcome: meter → attest → PoV gate → ETT proof → registry issue → list → EDM settlement → 50% burn → immutable audit trail.
Evidence & Attestors
R1 is rigid about what counts as proof and who can vouch for it:
Canonical evidence (per window):
device_did, start_ts, end_ts, quantity_wh, method_id → evidenceHash.Attestor quorum: at minimum, independent auditor + one operational role (metering operator; optional grid/operator feed). Roles are allow-listed and rotated; bad keys are slashed/banned.
Equality check: every verification the gate counts must reference the exact same
evidenceHashand batch/window.One-Claim Ledger: the route-agnostic
claimId(derived from device+window+wh+evidenceHash) can finalize once network-wide—preventing cross-registry double-use.
Program Mapping & Issuance
R1 includes a mapping step so a site lands in the correct program for its region and size. Once enrolled, EDMA aligns with each program’s cadence (e.g., monthly or quarterly issuance). When a credit issues in the official registry, EDMA
anchors its serial/retire ID on-chain and
locks the backing ETT to enforce one-claim law across all routes and registries.
If a jurisdiction requires a mirror or local attestation, EDMA records proof-of-mirror and links the external ID to the same claimId—without ever allowing reuse.
Market
Eligible generators. Rooftop PV for owner-operators (households, schools, municipal, small C&I). You must own the environmental attribute; third-party ownership/lease/PPA that assigns RECs away is not R1 (route to R2 or R3).
Markets covered:
US: DC (SREC) · NJ (SREC-II / ADI) · IL (ABP ≤10 kW) · MD / PA (SREC) · MA (SMART tariff)
AU: STCs at install time (up-front)
Buyer landscape.
US: LSEs/EDCs & retail suppliers, program admins, brokers/aggregators; MA: EDCs via SMART blocks; IL: IPA/utilities via AV contracts.
AU: liable retailers and STC agents.
Price Formation & Cadence
Unit. 1 MWh = 1 compliance unit (or SMART/STC crediting equivalent).
Price modes. Spot, fixed, tariff (SMART), or deemed (STCs up-front).
Timing. Issuance follows program cadence (often monthly/quarterly). STCs pay at install; post-install value typically flows via R2 (granular/flex attributes).
Cash formula. Gross – route fees (2% buyer + 2% seller in EDM) = net to participant. 50% of collected fees burn.
Bands & Examples
Program bands (today’s reality):
DC SREC: $350–$450/MWh
NJ SREC-II (ADI): $85/MWh
IL ABP (≤10 kW): $66–$75/MWh
MD SREC: ~$48/MWh · PA SREC: ~$23.5/MWh
MA SMART 3.0 (≤25 kW): $0.03/kWh base (≈$30/MWh); $0.06/kWh low-income bands
AU STCs: A$39–40/MWh (deemed, up-front)
Worked snapshot: 10 kWp home (~18 MWh/yr)
DC (~$400/MWh): $7,200 gross → $7,056 net/yr (2% seller fee)
NJ ($85/MWh): $1,530 gross → $1,499 net/yr
IL ($70/MWh mid): $1,260 gross → $1,234.80 net/yr
MD (~$48/MWh): $864 gross → $846.72 net/yr
PA (~$23.5/MWh): $423 gross → $414.54 net/yr
MA SMART base ($0.03/kWh): $540 gross → $529.20 net/yr
AU STCs (deemed): value realized at install; after install, ongoing value typically shifts to R2.
Market size (owner-operator rooftop, US):
TAM: 5.7 TWh/yr ≈ $570M/yr
SAM: 2.9 TWh/yr ≈ $290M/yr
SOM: 0.3 TWh/yr ≈ $30M/yr
AU (STCs): A$0.8–1.2B/yr STC flow (up-front channel)
All bands are program-driven and indicative; EDMA routes issuance and settlement but does not set program prices.
Buyer View
A buyer sees a PoV-Verified badge, R1 Compliance tag, and a lineage viewer that walks the chain from evidence → verifiers → proof → registry issue → current owner. Method, vintage, region, and hashed device/project identifiers are visible; raw documents remain under access control. When the buyer retires the unit, the retirement pins to the same claimId, so audit becomes review, not reconstruction.
Fees & Settlement
All state-changing actions require $EDM. Energy/Carbon trades charge 4% total—2% from buyer, 2% from seller—and the protocol burns 50% of every collected fee on-chain (burn continues until circulating supply reaches 100M). The remaining 50% funds operations, liquidity, and incentives (any rebates apply only to the treasury half; burn is never discounted). No EDM, no action—quotes may display in fiat or crypto, but settlement is in EDM at the captured rate; if a payer lacks EDM, the transaction reverts and proofs remain intact.
Edge Cases & Revocation
Meters get swapped, inverters go offline, and sometimes data is wrong. R1 treats these as first-class flows:
Missing/late data: the window does not mint until quorum can be met; once verified, issuance resumes—no back-dating without evidence.
Meter replacement: a handover attestation closes the old device and opens the new; windows straddling the change are split and independently verified.
Data error or fraud: any attestor can revoke its verification; if quorum drops below policy after issue, EDMA flags/freezes dependent assets until a corrected attestation restores quorum; lineage is append-only—never rewritten.
Cross-route prevention: attempting to reuse the same evidenceHash in R2/R3 or a carbon route fails at the gate; one-claim is enforced by code, not policy.
What the Listing Must Show
For R1 assets to be admissible on marketplace pages: program, method, vintage, region, capacity band, claimId, evidenceHash, attestation UIDs, seller’s verified entity, and (if applicable) registry serial/retire ID. Device identifiers are hashed; sensitive artifacts stay off-chain; selective disclosure / ZK can prove eligibility without oversharing.
Worked Example
A school’s 150 kW rooftop produces 12,000 kWh this month. The meter window is signed; operator + auditor attest to the same evidenceHash. The PoV Gate passes quorum/equality; EDMA mints 1,200 ETT (1 ETT = 10 kWh). In four batches of 100 ETT, EDMA requests four REC issues at the registry. Each issued serial is anchored on-chain; the backing ETT are locked. The school lists two RECs at a fixed price; a buyer takes the order. Settlement runs in EDM; 4% total fee is collected and 50% burns on-chain. Later, the buyer retires both RECs; the retirement writes back to the same claimIds, closing the lineage loop for audit.
Non-Negotiables
Ex-post only. No forward issuance on estimates.
One-claim law. A MWh backs one claim across all routes/registries.
Fail-safe by default. Missing auditor, role drift, hash mismatch, or revocation ⇒ no mint / no settle until rectified.
EDM only. No auto-swap; without EDM, nothing moves.
Cross-links
Marketplace → Tokens: Listing, Match & Settle, Compliance
PoV Layer:
quorum, equality, one-claim, revocation lifecycleFees: route policy, burn mechanics
Data:
canonical evidence, hashing, schemas, privacy/ZKGovernance: attestor onboarding/offboarding, timelocked policy changes
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