RGGI states start bidding process for Auction 27

The states participating in the Regional Greenhouse Gas Initiative (RGGI) 2015 auctions today released the Auction Notice and application materials for their twenty-seventh quarterly carbon dioxide (CO2) allowance auction, to be held on March 11, 2015.

The Auction Notice for CO2 Allowance Auction 27 provides potential auction participants with the information needed to submit a Qualification Application and indicate their intent to bid in Auction 27. As indicated in the Auction Notice for CO2 Allowance Auction 27, the states will offer for sale 15,272,670 CO2 allowances. The states will use a reserve price of $2.05 in 2015.

There is also a 10 million CO2 allowance cost containment reserve (CCR) available for this auction. This reserve will be accessed if the interim clearing price exceeds the CCR trigger price of $6.00.