RGGI Auction 26 was held on December 3, 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 53 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 26, compliance entities and their affiliates purchased 88
percent of the CO2 allowances sold.
In the first 26 RGGI auctions, compliance entities and their
affiliates purchased 78 percent of the CO2 allowances sold.
Compliance entities and their affiliates will hold 81 percent of the
CO2 allowances in circulation following the settlement of CO2
allowances sold in Auction 26.
3. Dispersion of Bids
In the offering of CO2 allowances for the current
control period, bids were submitted by 42 compliance entities and 8
Seven compliance entities and 2 other entities submitted bids for a
large quantity of CO2 allowances (i.e., at least 2 million
tons). Overall, compliance entities accounted for 71 percent of the
quantity of CO2 allowances for which bids were submitted.
The quantity of CO2 allowances for which bids were
submitted was 2.5 times the offering of 18,198,685 CO2
4. Potential Bidders
The following 53 potential bidders submitted their intent to bid in
Brooklyn Navy Yard Cogen Partners, LP
Kendall Green Energy, LLC
Caithness Long Island, LLC
Kleen Energy Systems, LLC
Calpine Energy Services, LP
Koch Supply & Trading, LP
Carbon Lighthouse Association
Luminus Energy Partners QP, LP
Castleton Power, LLC
Massachusetts Muni. Wholesale Elec. Co.
CE2 Carbon Capital, LLC
Mercuria Energy America, Inc.
City of Dover
Millennium Power Partners, LP
Consolidated Edison Comp. of NY, Inc.
Morgan Stanley Capital Group, Inc.
Delaware City Refining Company, LLC
National Grid Gen. dba National Grid
Delaware Municipal Electric Corp.
New Athens Generating Company, LLC
Direct Energy Business Marketing, LLC
NextEra Energy Power Marketing, LLC
Dominion Energy Marketing, Inc.
NRG Power Marketing, LLC
EDF Trading North America, LLC
Power Authority of the State of New York
Empire Generating Co., LLC
PSEG Energy Resources & Trade, LLC
Entergy Rhode Island State Energy, LP
Public Service Company of New Hampshire
Exelon Generation Company, LLC
Raven Power Marketing, LLC
GDF SUEZ Energy Marketing NA, Inc.
GenOn Energy Management, LLC
Selkirk Cogen Partners, LP
Granite Ridge Energy, LLC
Seventh Generation Advisors
Green Mountain Power Corporation
Hawkeye Energy Greenport
TransCanada Power Marketing, Ltd.
Indeck-Corinth Limited Partnership
Upstate New York Power Producers, LLC
Indeck-Olean Limited Partnership
Verso Paper Corp.
Indeck-Oswego Limited Partnership
Village of Freeport
Indeck-Yerkes Limited Partnership
Jamestown Board of Public Utilities
Wallingford Energy, LLC
J-Power USA Development Co., Ltd.
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.