The 10 Northeast and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative (RGGI) have released the auction notice and application materials for their fifth regional carbon dioxide (CO2) allowance auction, scheduled for Sept. 9.
The materials provide potential auction participants the information needed to submit a qualification application and publicize key auction details, including the number of allowances offered for sale and the reserve price.
The participating states will offer for sale approximately 28.4 million allowances for the current control period (all for the 2009 vintage) and approximately 2 million allowances for the future control period (all for the 2012 vintage). States will continue to use a reserve price of $1.86 for all allowances in Auction 5.
Potential bidders must successfully complete the qualification process to participate in the September auction. Prospective bidders can download auction documents from RGGI's Web site, rggi.org.
Potential bidders are encouraged to participate in a free webinar hosted July 16 from 2 p.m. to 4 p.m. The webinar, which is open to all, will review the auction format, the forms that need to be submitted and the overall qualification process.
SOURCE: Regional Greenhouse Gas Initiative Inc.