Regional Greenhouse Gas Initiative States Initiate Bidding Process For December Auction

Posted by NAW Staff on October 06, 2009 No Comments
Categories : FYI

The states participating in the Regional Greenhouse Gas Initiative (RGGI) have released the auction notice and application materials for the sixth regional carbon dioxide (CO2) allowance auction, scheduled for Dec. 2. The materials publicize key auction details, including the number of allowances offered for sale and the reserve price, and provide potential auction participants the information needed to submit a qualification application.

The participating states will offer for sale approximately 28 million allowances for the 2009 vintage and approximately 2 million allowances for the 2012 vintage. States will continue to use a reserve price of $1.86 per allowance for all allowances in Auction 6.

As indicated in the auction notice, potential bidders must successfully complete the qualification process to participate in the December auction.

Prospective bidders can apply to qualify for and participate in the auction by downloading and submitting the auction documents at rggi.org.

Potential bidders are also encouraged to participate in a free webinar hosted Oct. 8 from 2 p.m. to 3 p.m. The webinar will review the auction format, the forms that need to be submitted and the overall qualification process.

SOURCE: Regional Greenhouse Gas Initiative Inc.

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