Green group refutes Dominion arguments in RGGI rate request petition
A green group argued Wednesday that the Virginia State Corporation Commission (SCC) must either reject Dominion’s rate request to recover nearly $168 million in RGGI obligations for failing to perform least-cost analysis or require future examination of additional compliance options.
Read MoreCalifornia offset prices rise before compliance deadline, as discounts remain near historic level
California Carbon Offset (CCO) prices are rising ahead of the upcoming November WCI compliance deadline amid surging allowance values and an uptick in demand, but the discount to carbon permits remains near all-time highs, data shows.
Read MoreNew speculator enters the RGGI market as financials’ interest grows in the Northeast US carbon scheme
A Connecticut-based commodities trader opened a RGGI CO2 Allowance Tracking System (COATS) account on Tuesday, marking the fifth speculative firm to open an account this month.
Read MoreRGGI outlines schedule for upcoming programme review process
The 11 RGGI states are hoping to finish the upcoming programme review of the power sector carbon market by 2023, with officials aiming to complete policy scenarios by mid-2022, according to documents published Tuesday morning.
Read MoreNA Markets: CCA, RGA prices hit new all-time highs amid continued speculative interest
California Carbon Allowances (CCA) and RGGI Allowances (RGA) set fresh all-time highs on Monday as a combination of speculative interest, near-term fundamentals, and bullish expectations caused prices to surge.
Read MoreCalifornia gasoline consumption stagnates near 1.2 bln gal, as diesel usage hits 10-year high
California gasoline usage dropped slightly month-on-month in June, while drivers’ usage of the fuel remained within recent trends compared to pre-pandemic levels, according to state data released Monday.
Read MoreUK-based fund opens RGGI account before Q4 auction
A London-based fund with a focus on global carbon markets opened a RGGI CO2 Allowance Tracking System (COATS) account on Friday, with the new speculative account aligning with a broad trend over the past several months.
Read MoreWCI emitters continue to add to cumulative short position, speculators hold firm
WCI compliance entities continued to add to their open short positions over the past week, while speculators’ holdings remained roughly static, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreDominion seeks denial of RGGI proceeding reconsideration for lack of merit
Virginia utility Dominion Energy asked the State Corporation Commission (SCC) to reject a petition from an environmental group to reconsider approval of a rate request to recoup $168 million for RGGI-related costs, according to a regulatory filing.
Read MoreCalifornia compliance offset issuances sink to a fresh three-month low
California offset issuances sunk to a three-month low as state regulator ARB distributed nearly 179,000 credits across 10 reporting periods, according to data published Wednesday.
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