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The 2017 NOx compliance year was particularly volatile, but allowance prices have settled in as we begin the 2018 NOx Ozone Season. Summer weather and decisions on NOx controls at the plant level will dictate whether we see a repeat of the price volatility from last year.
New entrants and the release of an Updated Model Rule headline the RGGI market for January. The result, however, is muted as prices remain flat.