Regional Greenhouse Gas Initiative

an initiative of the Northeast and Mid-Atlantic States of the U.S.

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CO2 Emissions & Allowance Tracking

Auction 19

RGGI Auction 19 was held on March 13, 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 confirmed that there was no material evidence of collusion or manipulation by bidders, and that the vast majority of bids were consistent with competitive expectations.

Below are key data and information on the results of the auction. Detailed analysis is available in the Market Monitor Report for Auction 19.

1. Auction Statistics:

Current Control Period Offering

  • Quantity Offered: 37,835,405
  • Quantity Sold: 37,835,405
  • Clearing Price: $2.80
  • Number of Bidders: 42
  • Ratio of bids to Supply: 2.2x
  • Percent Won by Electric Generators: 69

 

2. Auction Participation:

A total of 43 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 19, compliance entities and their affiliates purchased 69 percent of the CO2 allowances sold.

In the first 19 RGGI auctions, compliance entities and their affiliates purchased 88 percent of the current control period allowances sold.

90 percent of the CO2 allowances in circulation will be held by electric generators and their corporate affiliates ("compliance entities") following the settlement of Auction 19.

 

3. Dispersion of Bids

In the offering of allowances for the current control period, bids were submitted by 34 compliance entities and eight non-compliance entities.

Eleven compliance entities and four non-compliance entities submitted bids for a large quantity of allowances (e.g., at least 2 million tons). Overall, compliance entities accounted for 72 percent of the quantity of allowances for which bids were submitted. The quantity of allowances for which bids were submitted increased to 2.2 times the available supply in Auction 19 from 0.53 times the available supply in Auction 18 and 0.65 times the available supply in Auction 17.

 

4. Qualified Bidders

The following 43 qualified bidders submitted their intent to bid in the auction.

  • Astoria Energy, LLC
  • Berkshire Power Company, LLC
  • Brooklyn Navy Yard Cogen Partners, LP
  • Caithness Long Island, LLC
  • CE2 Carbon Capital, LLC
  • Consolidated Edison Comp. of NY, Inc.
  • CP Energy Marketing (US) Inc.
  • Dynegy Marketing and Trade, LLC
  • Empire Generating Co., LLC
  • Entergy Rhode Island State Energy, LP
  • EquiPower Resources
  • Exelon Generation Company, LLC
  • GDF SUEZ Energy Marketing NA, Inc.
  • GenOn Energy Management, LLC
  • Granite Ridge Energy, LLC
  • H.Q. Energy Services (US) Inc.
  • Hess Corporation (G)
  • Indeck Energy Serv. of Silver Springs
  • Indeck-Corinth Limited Partnership
  • Indeck-Olean Limited Partnership
  • Indeck-Oswego Limited Partnership
  • Indeck-Yerkes Limited Partnership
  • Integrys Energy Services, Inc.
  • Jordan Stutt
  • J-Power USA Development Co., Ltd.
  • Kleen Energy Systems, LLC
  • Koch Supply & Trading, LP
  • Laurence DeWitt
  • Massachusetts Water Resources Authority
  • Millennium Power Partners, LP
  • Morgan Stanley Capital Group, Inc
  • National Grid Gen. dba National Grid
  • Natsource Environmnetal and Energy Services
  • New Athens Generating Company, LLC
  • NextEra Energy Power Marketing, LLC
  • NRG Power Marketing, LLC
  • Power Authority of the State of New York
  • Public Service Company of New Hampshire
  • RBC
  • Selkirk Cogen Partners, LP
  • TransCanada Power Marketing, Ltd.
  • Upstate New York Power Producers, LLC
  • Vitol Inc.

 

Auction 18

Auction 18

RGGI Auction 18 was held on December 5, 2012 and monitored by Potomac Economics, an independent monitor of electricity markets retained to evaluate the RGGI CO2 allowance market. Potomac observed the auction and confirmed that there was no material evidence of collusion or manipulation by bidders, and that the vast majority of bids were consistent with competitive expectations.

Below are key data and information on the results of the auction. Detailed analysis is available in the Market Monitor Report for Auction 18.

 

1. Auction Statistics:

Current Control Period Offering

  • Quantity Offered: 37,563,083
  • Quantity Sold: 19,774,000
  • Clearing Price: $1.93
  • Number of Bidders: 29
  • Ratio of bids to Supply: 0.53x
  • Percent Won by Electric Generators: 100

 

2. Auction Participation:

A total of 34 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 18, compliance entities and their affiliates purchased 100 percent of the CO2 allowances sold.

In the first 18 RGGI auctions, compliance entities and their affiliates purchased 88 percent of the current control period allowances sold.

94 percent of the CO2 allowances in circulation will be held by electric generators and their corporate affiliates ("compliance entities") following the settlement of Auction 18.

 

3. Dispersion of Bids

In the offering of allowances for the current control period, bids were submitted by 29 compliance entities.

One compliance entity submitted a bid for a large quantity of allowances (e.g., at least 5 million tons). Overall, compliance entities accounted for 100 percent of the quantity of allowances for which bids were submitted. The quantity of allowances for which bids were submitted decreased to 0.53 times the available supply in Auction 18 from 0.65 times the available supply in Auction 17 and 0.57 times the available supply in Auction 16.

 

4. Qualified Bidders

The following 34 qualified bidders submitted their intent to bid in the auction.

  • AES Warrior Run Cogeneration Facility
  • 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
  • Castleton Power, LLC
  • Consolidated Edison Comp. of NY, Inc.
  • Constellation Energy Commodities Group
  • Dominion Energy Marketing, Inc
  • Dynegy Marketing and Trade, LLC
  • EDF Trading North America, LLC
  • Empire Generating Co., LLC
  • Entergy Rhode Island State Energy, LP
  • EquiPower Resources
  • GenOn Energy Management, LLC
  • Indeck-Corinth Limited Partnership
  • Jamestown Board of Public Utilities
  • J-Power USA Development Co., Ltd.
  • Kleen Energy Systems, LLC
  • Massachusetts Muni. Wholesale Elec. Co.
  • Millennium Power Partners, LP
  • National Grid Gen. dba National Grid
  • New Athens Generating Company, LLC
  • NextEra Energy Power Marketing, LLC
  • NRG Power Marketing, LLC
  • Power Authority of the State of New York
  • Public Service Company of New Hampshire
  • RBC
  • Rochester Gas and Electric Corporation
  • Selkirk Cogen Partners, LP
  • Verso Paper Corp
  • Wallingford Energy, LLC
  •  

    RGGI COATS

     

    The RGGI CO2 Allowance Tracking System (RGGI COATS) is the platform that records and tracks data for each state's CO2 Budget Trading Program.

    RGGI COATS enables the public to view, customize, and download reports of RGGI program data and CO2 allowance market activity.

    RGGI COATS also facilitates market participation by enabling:

    • The allocation, award, and transfer of CO2 allowances;
    • The registration of offset projects;
    • The submittal of offset project Consistency Applications and Monitoring and Verification Reports.

    To learn more about the information recorded in RGGI COATS, please follow the link to RGGI COATS Data.

    RGGI COATS is also the platform used for the RGGI compliance process. To learn more about the RGGI compliance process, please follow the link to RGGI Compliance.

    For help using RGGI COATS and/or opening a RGGI COATS account, please follow the link to User Information.

    Auction 17

    RGGI Auction 17 was held on September 5, 2012 and monitored by Potomac Economics, an independent monitor of electricity markets retained to evaluate the RGGI CO2 allowance market. Potomac observed the auction and confirmed that there was no material evidence of collusion or manipulation by bidders, and that the vast majority of bids were consistent with competitive expectations.

    Below are key data and information on the results of the auction. Detailed analysis is available in the Market Monitor Report for Auction 17.

     

    1. Auction Statistics:

    Current Control Period Offering

    • Quantity Offered: 37,949,558
    • Quantity Sold: 24,589,000
    • Clearing Price: $1.93
    • Number of Bidders: 22
    • Ratio of bids to Supply: 0.65x
    • Percent Won by Electric Generators: 100

     

    2. Auction Participation:

    A total of 29 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 17, compliance entities and their affiliates purchased: 100 percent of the CO2 allowances sold.

    In the first 17 RGGI auctions, compliance entities and their affiliates purchased 88 percent of the current control period allowances sold.

    92 percent of the CO2 allowances in circulation will be held by electric generators and their corporate affiliates ("compliance entities") following the settlement of Auction 17.

     

    3. Dispersion of Bids

    In the offering of allowances for the current control period, bids were submitted by 22 compliance entities.

    Two compliance entities submitted bids for a large quantity of allowances (e.g., at least 2 million tons). Overall, compliance entities accounted for 100 percent of the quantity of allowances for which bids were submitted. The quantity of allowances for which bids were submitted increased to 0.65 times the available supply in Auction 17 from 0.57 times the available supply in Auction 16 and 0.62 times the available supply in Auction 15.

     

    4. Qualified Bidders

    The following 29 qualified bidders submitted their intent to bid in the auction.

    • Astoria Energy, LLC
    • Berkshire Power Company, LLC
    • Brooklyn Navy Yard Cogen Partners, LP
    • Caithness Long Island, LLC
    • Calpine Energy Services, LP
    • Castleton Power, LLC
    • Consolidated Edison Comp. of NY, Inc.
    • Constellation Energy Commodities Group
    • Dominion Energy Marketing, Inc.
    • EDF Trading North America, LLC
    • Empire Generating Co., LLC
    • EquiPower Resources
    • Essential Power, LLC
    • GenOn Energy Management, LLC
    • Granite Ridge Energy, LLC
    • Indeck Energy Serv. of Silver Springs
    • Indeck-Corinth Limited Partnership
    • Indeck-Yerkes Limited Partnerhship
    • IPR-GDF SUEZ Energy Marketing NA, Inc.
    • J-Power USA Development Co., Ltd.
    • Kleen Energy Systems, LLC
    • Millenium Power Partners, LP
    • National Grid Gen. dba National Grid
    • New Athens Generating Company, LLC
    • Power Authority of the State of New York
    • Public Service Company of New Hampshire
    • RBC
    • Selkirk Cogen Partners, LP
    • Verso Paper Corp.