RGGI Auction 24 was held on June 4, 2014 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 51 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 24, compliance entities and their affiliates purchased 55 percent of the CO2 allowances sold.
In the first 24 RGGI auctions, compliance entities and their affiliates purchased 78 percent of the CO2 allowances sold.
Compliance entities and their affiliates will hold 77 percent of the CO2 allowances in circulation following the settlement of CO2 allowances sold in Auction 24.
3. Dispersion of Bids
In the offering of CO2 allowances for the current control period, bids were submitted by 37 compliance entities and six other entities.
Seven compliance entities and three other entities submitted bids for a large quantity of CO2 allowances (i.e., at least 2 million tons). Overall, compliance entities accounted for 72 percent of the quantity of CO2 allowances for which bids were submitted. The quantity of CO2 allowances for which bids were submitted was 2.9 times the offering of 18,062,384 CO2 allowances.
4. Potential Bidders
The following 51 potential bidders submitted their intent to bid in the auction.
Astoria Energy, LLC
Brayton Point Energy, LLC
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
Delaware City Refining Company, LLC
Dominion Energy Marketing, Inc.
EDF Trading North America, LLC
Emera Energy Generation II, LLC
Entergy Rhode Island State Energy, LP
Essential Power, LLC
Exelon Generation Company, LLC
GDF SUEZ Energy Marketing NA, Inc.
GenOn Energy Management, LLC
Granite Ridge Energy, LLC
Hess Energy Marketing LLC
Indeck-Corinth Limited Partnership
Indeck-Olean Limited Partnership
Indeck-Oswego Limited Partnership
Indeck-Yerkes Limited Partnership
Jamestown Board of Public Utilities
J-Power USA Development Co., Ltd.
Kleen Energy Systems, LLC
Koch Supply & Trading, LP
Lakeside Energy, LLC
Luminus Energy Partners QP, LP
Massachusetts Water Resources Authority
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
Power Authority of the State of New York
PSEG Energy Resources & Trade, LLC
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
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.