The Regional Greenhouse Gas Initiative released an updated FAQ Document containing useful information for parties interested in bidding on carbon dioxide (CO2) allowances.
The deadline for submission of the Qualification Application and Intent to Bid for the RGGI’s third CO2 allowance auction is Thursday, January 29, 2009. The auction will take place on March 18, 2009.
The first RGGI auction for CO2 allowances of 2009 will offer allowances from all ten
states participating in RGGI, including Connecticut, Delaware, Maine, Maryland,
Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont.
States will offer for sale approximately 31.5 million CO2 allowances from 2009 and 2.2
million CO2 allowances from 2012.
Given the very early stage of the market for RGGI CO2 emission allowances, the participating states have determined to continue using a reserve
price of $1.86 for all the allowances being offered in Auction 3.
The FAQ document, available at the link below, addresses who is elligible to participate in the auction, details about the application process and instructions for bidding.
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