RGGI states will sell 15.4 million allowances on Dec. 2, the US scheme’s regulator announced by email on Monday in what will be the market’s 30th quarterly auction.
The sale will be the last at this year’s reserve price of $2.05 and the last ahead of 2015 interim compliance obligations.
RGGI sold 25.4 million 2015 vintage CO2 allowances for $6.02 each in its last auction, including 10 million from the scheme’s Cost Containment Reserve.
The reserve has been exhausted for the year, meaning no CCR allowances will be available in the Dec. 2 sale.
RGGI permit prices have gained since the Sep. 11 sale, surging by some 15% to a record $6.82 last week.
Key dates for Auction 30:
- October 8: Prospective Bidder Webinar
- October 21: Intent to Bid and/or Qualification Application Due by 5:00 PM ET
- November 24: Financial security due by 5:00 PM ET
- December 2: Auction 30 (9:00 AM – 12:00 PM ET)