RGGI Auction 20 was held on June 5, 2013 and monitored by Potomac Economics, an independent monitor of electricity markets retained to evaluate the RGGI CO2 allowance market. Potomac observed the auction and found no material evidence of collusion or manipulation by bidders.
A total of 55 qualified bidders, listed by name in section 4 below, submitted an Intent to Bid in the auction.
The following statistics summarize the purchases and holdings of allowances by electric generators and their corporate affiliates ("compliance entities") under the RGGI program:
In Auction 20, compliance entities and their affiliates purchased 68 percent of the CO2 allowances sold.
In the first 20 RGGI auctions, compliance entities and their affiliates purchased 86 percent of the current control period allowances sold.
Compliance entities and their affiliates will hold 86 percent of the allowances in circulation following the settlement of allowances sold in Auction 20.
3. Dispersion of Bids
In the offering of allowances for the current control period, bids were submitted by 37 compliance entities and ten other entities.
Ten compliance entities and four other entities submitted bids for a large quantity of allowances (e.g., at least 2 million tons). Overall, compliance entities accounted for 80 percent of the quantity of allowances for which bids were submitted. The quantity of allowances for which bids were submitted was 2.1 times the available supply in Auction 20, down slightly from 2.2 times the available supply in Auction 19 and up considerably from 0.53 times the available supply in Auction 18.
4. Qualified Bidders
The following 55 qualified bidders submitted their intent to bid in the auction.
Astoria Energy, LLC
Astoria Generating Company, LP
Berkshire Power Company, LLC
Brookfield Energy Marketing LP
Brooklyn Navy Yard Cogen Partners, LP
Caithness Long Island, LLC
Calpine Energy Services, LP
Castleton Commodities Merchant Trading, LP
Castleton Power, LLC
CE2 Carbon Capital, LLC
Consolidated Edison Comp. of NY, Inc.
Dominion Energy Marketing, Inc.
DTE Energy Trading, Inc.
Dynegy Marketing and Trade, LLC
EDF Trading North America, LLC
Element Markets, LLC
Empire Generating Co., LLC
Entergy Rhode Island State Energy, LP
Essential Power, LLC
Evolution Markets, Inc
Exelon Generation Company, LLC
Five Rings Capital, LLC
Footprint Power Salem Harbor Operations, LLC
GenOn Energy Management, LLC
Granite Ridge Energy, LLC
Hess Corporation (G)
Indeck-Corinth Limited Partnership
Jamestown Board of Public Utilities
J-Power USA Development Co., Ltd.
Kleen Energy Systems, LLC
Koch Supply & Trading, LP
Mercuria Energy America, Inc.
Millennium Power Partners, LP
Morgan Stanley Capital Group, Inc
National Grid Gen. dba National Grid
New Athens Generating Company, LLC
NextEra Energy Power Marketing, LLC
NRG Power Marketing, LLC
Panda Brandywine, LP
Power Authority of the State of New York
Public Service Company of New Hampshire
Selkirk Cogen Partners, LP
Shell Energy North America (US), LP
TransCanada Power Marketing, Ltd.
Twin Eagle Resource Management, LLC
Upstate New York Power Producers, LLC
Verso Paper Corp.
Village of Freeport
Wallingford Energy, LLC
Allowance & Bid Statistics (by Auction)
This chart includes data on participation in the current control period offering in each RGGI CO2 Allowance Auction.