California board reports on August GHG auction

The California Air Resources Board (CARB) held its fourth auction of greenhouse gas (GHG) allowances Aug. 16, which included a Current Auction of 2013 vintage allowances and an Advance Auction of 2016 vintage allowances.

The Market Monitor found that the auction was cleared consistent with the auction clearing rules in the regulation and appropriate economic logic, CARB said.

The Auction Administrator (AA) reported that the 2013 auction clearing price is $12.22 per allowance, with 13,865,422 total 2013 allowances sold. The AA reported that the 2016 auction clearing price is $11.10 per allowance with 9,560,000 total 2016 allowances sold. The Market Monitor confirmed that the 2013 auction clearing price is $12.22 per allowance and that the 2016 auction clearing price is $11.10 per allowance.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.