The Regional Greenhouse Gas Initiative (RGGI) announced today the results of the 57th quarterly auction of CO2 allowances.
All of the allowances on offer were sold at the auction held on September 7, 2022. The clearing price of $13.45 represents the seventh consecutive auction that cleared at a record price. The previous auction in March cleared $13.90.
The September auction offered 22 million allowances from participating RGGI states. The ratio of bids to supply was 2.6x and featured 66 bidders. More details on the auction are in the table below:
Auction 57 Statistics
Allowances on Offer 22,404,023
Allowances Sold 22,404,023
Bid/Supply Ratio 2.6
Percent Compliance-Oriented 78%
Clearing Price $13.45
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.