Cap and Trade Auction Results Are In!

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Every allowance that was offered in the auction was sold at a settlement price of $14.00 per allowance. The highest bid price was $50.01 with the mean bid price $16.67 and the median bid price $13.49. In total, the 2013 allowances sold at auction garnered $203,308,672.

Of the 9,560,000 allowances offered in the advance auction for 2016 vintage allowances, 7,515,000 were sold at a settlement price of $10.71 (equivalent to the auction reserve price).

 


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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