RGGI Auction 27 was held on March 11, 2015 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 50 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 27, compliance entities and their affiliates purchased 100 percent of the CO2 allowances sold.
In the first 27 RGGI auctions, compliance entities and their affiliates purchased 78 percent of the allowances sold.
Compliance entities and their affiliates will hold 62 percent of the allowances in circulation following the settlement of allowances sold in Auction 27.
3. Dispersion of Bids
In the offering of allowances for the current control period, bids were submitted by 37 compliance entities and eight other entities.
Six compliance entities and three other entities submitted bids for a large quantity of allowances (i.e., at least 2 million tons). Overall, compliance entities accounted for 66 percent of the quantity of allowances for which bids were submitted. The quantity of allowances for which bids were submitted was 2.8 times the initial offering of 15,272,670 allowances.
4. Potential Bidders
The following 50 potential bidders submitted their intent to bid in the auction.
Adirondack Council Inc.
Astoria Energy, LLC
Brookfield Energy Marketing LP
Brooklyn Navy Yard Cogen Partners, LP
Caithness Long Island, LLC
Calpine Energy Services, LP
Carbon Lighthouse Association
Castleton Commodities Merchant Trading, LP
Castleton Power, LLC
CE2 Carbon Capital, LLC
City of Dover
Consolidated Edison Comp. of NY, Inc.
Delaware City Refining Company, LLC
Direct Energy Business Marketing, LLC
Dominion Energy Marketing, Inc.
DTE Energy Trading, Inc.
EDF Trading North America, LLC
Empire Generating Co., 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
Indeck-Corinth Limited Partnership
Indeck-Oswego Limited Partnership
Indeck-Yerkes Limited Partnership
Jamestown Board of Public Utilities
J-Power USA Development Co., Ltd.
Kendall Green Energy, LLC
Kleen Energy Systems, LLC
Koch Supply & Trading, LP
Luminus Energy Partners Master Fund, Ltd.
Maxim Power (USA) Inc.
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
Old Dominion Electric Cooperative
Power Authority of the State of New York
PSEG Energy Resources & Trade, LLC
Public Service Company of New Hampshire
Upstate New York Power Producers, LLC
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.