Dan McGraw « Carbon Pulse

Articles by: Dan McGraw

Virginia peaker plant opens new RGGI account, following other emitters

Published 15:30 on March 17, 2021 / Last updated at 15:30 on March 17, 2021 / Dan McGraw / Americas, US

A Virginia-based peaker plant opened a secondary RGGI account on Wednesday, aligning with a growing trend of compliance entities registering general accounts in the power sector cap-and-trade scheme.

Massachusetts GWSA auction settlement hits all-time low, as traders point to Texas losses

Published 20:17 on March 16, 2021 / Last updated at 15:36 on May 3, 2021 / Dan McGraw / Americas, US

Massachusetts sold all Global Warming Solutions Act (GWSA) carbon allowances on offer at its March auction, but the second sale of 2021 allowances regressed to an all-time low clearing price for the power sector cap-and-trade programme, market participants told Carbon Pulse.

California power consumption trends back to historic levels at pandemic’s one-year mark

Published 18:27 on March 16, 2021 / Last updated at 18:27 on March 16, 2021 / Dan McGraw / Americas, Canada, US

California electricity demand appears to be skewing back to historic levels, though consumption remained stunted over the first two months of 2021 amid more COVID-19 restrictions, according to California Independent System Operator (CAISO) data.

Houston-based environmental firm adds former RGGI programme manager

Published 20:42 on March 15, 2021 / Last updated at 20:42 on March 15, 2021 / Dan McGraw / Americas, US

A Houston-based environmental commodity firm has hired a former official for the Northeast US RGGI cap-and-trade programme as a market analyst, Carbon Pulse has learned.

RGGI states to cut 19 mln allowances from annual CO2 budgets in surplus bank adjustment

Published 17:14 on March 15, 2021 / Last updated at 17:14 on March 15, 2021 / Dan McGraw / Americas, US

RGGI will cut nearly 16% of this year’s CO2 budget under the power sector cap-and-trade scheme as it accounts for the pre-2021 allowances surplus, with the adjustment leading to slightly smaller upcoming auctions, data released Monday showed.

Massachusetts generators fully comply with GWSA carbon market obligations

Published 22:54 on March 11, 2021 / Last updated at 22:54 on March 11, 2021 / Dan McGraw / Americas, US

All generators regulated under Massachusetts’ Global Warming Solutions Act (GWSA) power sector cap-and-trade programme complied at the Mar. 1 deadline for 2020 emissions, according to a state agency.

NA Markets: RGGI prices slide following Q1 auction results, CCAs stagnate on few near-term drivers

Published 22:48 on March 11, 2021 / Last updated at 00:37 on March 12, 2021 / Dan McGraw / Americas, Canada, US

RGGI Allowance (RGA) prices dropped to a six-week low this week after the Q1 auction settled significantly below the secondary market level, while California Carbon Allowance (CCA) values remained stagnant as traders shifted positions along the curve.

Mid-decade WCI allowance shortage could cause CCA prices to soar -analysts

Published 22:27 on March 10, 2021 / Last updated at 22:27 on March 10, 2021 / Dan McGraw / Americas, Canada, US

California Carbon Allowance (CCA) prices could rise toward the end of the decade due to the WCI cap-and-trade programme’s tightening CO2 caps, although state and federal climate action could reduce permit demand and potentially undermine the effectiveness of the scheme, analysts said Wednesday.

California mints 1.2 mln offsets as Quebec examines feasibility of five new protocols

Published 16:39 on March 10, 2021 / Last updated at 21:15 on March 10, 2021 / Dan McGraw / Americas, Canada, US

California regulator ARB doled out nearly 1.2 million offsets this week, as Quebec issued credits across two projects after announcing plans to explore additional protocols to boost future supply, according to data released on Wednesday.

New York examining penalty options for delinquent RGGI facilities

Published 15:21 on March 10, 2021 / Last updated at 15:21 on March 10, 2021 / Dan McGraw / Americas, US

At least three Empire State-based RGGI facilities could face some penalties for failing to comply with the cap-and-trade programme’s triennial compliance deadline last week, potentially forcing the utilities to surrender additional allowances, New York officials confirmed to Carbon Pulse.