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        • RGGI Auction Clears $3.00

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        RGGI Auction Clears $3.00

        03.10.17

        The Regional Greenhouse Gas Initiative (RGGI) announced today the results of the thirty-fifth quarterly auction of CO2 allowances under the regulatory program. 

        All of the allowances on offer were sold at the auction held on March 8, 2017. The clearing price was $3.00, which is the lowest clearing price since the 22nd Auction held in December 2013, which also cleared at $3.00. 

        The March auction offered more than 14 million allowances from participating RGGI states. Despite the low price relative to recent auctions, bidding interest was strong with bids exceeding supply by a ratio of 2.2:1. Compliance-oriented entities purchased 34% of the allowances on offer. More details on the auction are in the table below:

         

        Auction 35 Statistics
        Allowances on Offer 14,371,300
        Allowances Sold 14,371,300
        Bid/Supply Ratio 2.2
        Bidders 36
        Percent Compliance-Oriented 34%
        Clearing Price $3.00

         

        For more information on RGGI allowance markets or to transact in the market, contact our U.S. Carbon and Emissions Markets desks at: +1 914.323.0255.

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