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.
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
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.
J-Power USA Development Co., Ltd.
Kleen Energy Systems, LLC
Koch Supply & Trading, LP
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
Selkirk Cogen Partners, LP
TransCanada Power Marketing, Ltd.
Upstate New York Power Producers, 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.