The states participating in the Regional Greenhouse Gas Initiative (RGGI) 2012 auctions have released the auction notice and application materials for their 15th quarterly carbon dioxide (CO2) allowance auction, which will be held on March 14. The states concurrently released several updates for the 2012 regional CO2 allowance auctions, including the 2012 auction schedule.
Auction 15 provides potential auction participants with the information needed to submit a qualification application and indicate their intent to bid in the auction. It will be the first quarterly auction of the second control period, which took effect on Jan. 1, 2012, and extends through Dec. 31, 2014.
The states will offer for sale 34,843,858 current control-period allowances (2012 allocation year) and will use a reserve price of $1.93 for the March auction.
Intent-to-bid and/or qualification applications are due by Feb. 1 at 5:00 p.m. EST.