RGGI Auction 22 was held on December 4, 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 potential 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 22, compliance entities and their affiliates purchased 43 percent of the CO2 allowances sold.
In the first 22 RGGI auctions, compliance entities and their affiliates purchased 81 percent of the allowances sold.
Compliance entities and their affiliates will hold 77 percent of the allowances in circulation following the settlement of allowances sold in Auction 22.
3. Dispersion of Bids
In the offering of allowances for the current control period, bids were submitted by 38 compliance entities and eleven other entities.
Ten compliance entities and seven other entities submitted bids for a large quantity of allowances (i.e., at least 2 million tons). Overall, compliance entities accounted for 53 percent of the quantity of allowances for which bids were submitted. The quantity of allowances for which bids were submitted was 2.7 times the available supply in Auction 22, up from 2.0 times the available supply in auction 21 and 2.1 times the available supply in Auction 20.
4. Potential Bidders
The following 55 potential bidders submitted their intent to bid in the auction.