RGGI issues CO2 market update

August 23, 2013 – The independent market monitor for the RGGI market continues to find no evidence of anti-competitive conduct in the RGGI CO2 allowance secondary market, according to the Report on the Secondary Market for RGGI CO2 Allowances: Second Quarter 2013, released today.

Prepared by Potomac Economics, the report found that RGGI CO2 allowance prices stabilized in the second quarter of 2013, as prices recorded in RGGI’s CO2 Allowance Tracking System (RGGI COATS) averaged $3.40, prices of ICE futures averaged $3.41, and the clearing price in Auction 20 was $3.21.

At the end of the second quarter of 2013, 86 percent of RGGI CO2 allowances were held by compliance entities and their affiliates.

The Report on the Secondary Market for RGGI CO2 Allowances: Second Quarter 2013 is part of Potomac’s ongoing monitoring of the RGGI auctions and the secondary markets where CO2 allowances trade. The report, which addresses the period from April to June 2013, is based on data reported to the Commodity Futures Trading Commission (CFTC), Intercontinental Exchange (ICE), and the New York Mercantile Exchange (NYMEX), as well as other data.

http://www.rggi.org/docs/Market/MM_Secondary_Market_Report_2013_Q2.pdf