RGGI Auction 25 was held on September 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 47 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 25, compliance entities and their affiliates purchased 80 percent of the CO2 allowances sold.
In the first 25 RGGI auctions, compliance entities and their affiliates purchased 78 percent of the CO2 allowances sold.
Compliance entities and their affiliates will hold 80 percent of the CO2 allowances in circulation following the settlement of CO2 allowances sold in Auction 25.
3. Dispersion of Bids
In the offering of CO2 allowances for the current control period, bids were submitted by 38 compliance entities and 5 other entities.
Six compliance entities and 4 other entities submitted bids for a large quantity of CO2 allowances (i.e., at least 2 million tons). Overall, compliance entities accounted for 66 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 17,998,687 CO2 allowances.
4. Potential Bidders
The following 47 potential bidders submitted their intent to bid in the auction.
Brayton Point Energy, LLC
Kleen Energy Systems, LLC
Brookfield Energy Marketing LP
Koch Supply & Trading, LP
Brooklyn Navy Yard Cogen Partners, LP
Lakeside Energy, LLC
Caithness Long Island, LLC
Luminus Energy Partners QP, LP
Calpine Energy Services, LP
Mercuria Energy America, Inc.
Castleton Commodities Merchant Trading, LP
Millenium Power Partners, LP
Castleton Power, LLC
Morgan Stanley Capital Group, Inc.
CE2 Carbon Capital, LLC
National Grid Gen. dba National Grid
Consolidated Edison Comp. of NY, Inc.
New Athens Generating Company, LLC
Delaware City Refining Company, LLC
NextEra Energy Power Marketing, LLC
Dominion Energy Marketing, Inc.
NRG Power Marketing, LLC
EDF Trading North America, LLC
Old Dominion Electric Cooperative
Entergy Rhode Island State Energy, LP
Power Authority of the State of New York
PSEG Energy Resources & Trade, LLC
Exelon Generation Company, LLC
Public Service Company of New Hampshire
GDF SUEZ Energy Marketing NA, Inc.
GenOn Energy Management, Inc.
Selkirk Cogen Partners, LP
Granite Ridge Energy, LLC
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.