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.
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
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
Rochester Gas and Electric Corporation
Selkirk Cogen Partners, LP
Verso Paper Corp
Wallingford Energy, LLC
Allowance Prices and Volumes (by Auction)
This chart displays the results of each RGGI CO2 Allowance Auction. To view a state-by-state breakdown for each auction, click on the auction number listed in the left-hand column.
This chart displays cumulative auction results organized by state. To view a complete breakdown by auction and allowance control period for each state, click on the state name listed in the left-hand column.