California, Quebec announce Feb. 2016 joint auction

Published 00:04 on December 19, 2015  /  Last updated at 00:04 on December 19, 2015  /  Americas, Canada, US  /  No Comments

California and Quebec will hold a joint auction for a total 81.63 million allowances on Feb. 17, 2016, the two WCI members announced on Friday.

California and Quebec will hold a joint auction for a total 81.63 million allowances on Feb. 17, 2016, the two WCI members announced on Friday.

Most of the allowances will be sold in a current auction, with around 10 million vintage 2019 units offered in an advance auction.

The amounts and vintages on offer will be as follows:

1,073,347 Vintage 2013 units
537,971 Vintage 2014 units
69,944,509 Vintage 2016 units
10,078,750 Vintage 2019 units

The reserve price for both auctions will be $12.73/C$12.82.

The auction’s bidding window is open from 1300-1600 EST, and the results are to published a week later on Feb 24.

By Mike Szabo – mike@carbon-pulse.com

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