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
