Evolution Markets understands that crafting and executing sound risk management and hedging strategies requires market insight and solid market data. We provide clients with detailed analysis of market events, as well as reports on underpinning market fundamentals and updates on important regulatory changes. Our brokers have extensive experience in the market we serve, and their front-line reports give our clients a unique understanding of market risks and opportunities.
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On December 4, 2015, RGGI’s 30th Auction cleared $7.50, about $0.10 above where the market was trading when the auction bids were due earliler in the week. After the auction results, which again were surprisingly strong, the market traded as high as $7.60 but later settled in at the $7.50 clearing price
On September 11, 2015, RGGI’s 29th Auction cleared $6.02, above the $6.00 trigger that allowed 10 million Cost Containment Reserve (“CCR”) Allowances to be released. After the Auction Results, which were somewhat of a surprise, the market price steadily increased and settled the month at $6.80. Since the beginning of the year, RGGI prices have increased approximately 30%
The US Court of Appeals for the District Court of Columbia Circuit ruled this week that the EPA must reconsider the 2014 Budgets for SO2 and Ozone NOx in several states because they required the States to reduce beyond the points necessary to achieve air quality improvements in downwind areas. The rule follows the Supreme Court decision last year upholding CSAPR. Importantly, the Court did not vacate the rule, and the 2014 budgets impact Phase 2 of the program, which starts in 2017