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Clean Air Markets

2010 SO2 Allowance Auction

2010 EPA Allowance Auction Results

Allowances Available for Auction
Origin of AllowancesSpot Auction
(First Usable in 2010)
7-Year Advance Auction
(First Usable in 2017 )
EPA125,000125,000
Privately Offered00
Total125,000125,000

Spot Auction Results
AllowancesNumber of BidsNumber of BiddersBid Price
Bid For: 485,013Successful: 14 Successful: 8Highest: $300.00
Sold: 125,000Unsuccessful: 44 Unsuccessful: 6Clearing: $36.20
(the clearing price is the lowest price at which a successful bid was made)
 Total: 58Total: 14 Lowest: $.06
   Weighted Average of Winning Bids: $37.71

7-Year Advance Auction Results
AllowancesNumber of BidsNumber of BiddersBid Price
Bid For: 750,022Successful: 11 Successful: 6Highest: $150.00
Sold: 125,000Unsuccessful: 13 Unsuccessful: 5Clearing: $1.69
(the clearing price is the lowest price at which a successful bid was made)
 Total: 24Total: 11 Lowest: $.02
   Weighted Average of Winning Bids: $2.07

Spot Auction Winners
Bidder's NameQuantityPercentage of
Total Allowances
Amount Paid
spg116,965 93.572$4,414,133.00
Ohio Valley Electric Corporation8,000 6.400$295,040.00
Acid Rain Retirement Fund11 0.009$894.96
University of Tampa Environmental Protection Coalition10 0.008$1,000.00
Green Country Energy, LLC8 0.006$2,400.00
Society of Environmental Engineers2 0.002$200.00
Bates College Environmental Econ B2 0.002$91.00
Bates College Environmental Econ A2 0.002$85.34
TOTALS125,000100%$4,713,844.30

7-Year Advance Auction Winners
Bidder's NameQuantityPercentage of
Total Allowances
Amount Paid
Saracen Energy LP86,200 68.960$177,405.50
Compass SEA Energy LLC38,778 31.022$79,807.32
Green Country Energy, LLC8 0.006$1,200.00
Bates College Environmental Econ B6 0.005$29.01
University of Tampa Environmental Protection Coalition5 0.004$500.00
Bates College Environmental Econ A3 0.002$15.36
TOTALS125,000100% $258,957.19

Total Auction Proceeds: $4,972,801.49

Spot Bids (First Usable in 2010)

Bids Bidder's Name Quantity Total
$300.00Green Country Energy, LLC88
$100.00Society of Environmental Engineers210
$100.00University of Tampa Environmental Protection Coalition1020
$81.36Acid Rain Retirement Fund1131
$45.50Bates College Environmental Econ B233
$42.67Bates College Environmental Econ A235
$39.20spg10,00010,035
$38.70spg15,00025,035
$38.20spg20,00045,035
$37.70spg25,00070,035
$37.20spg25,00095,035
$36.88Ohio Valley Electric Corporation8,000103,035
$36.70spg20,000123,035
$36.20spg*5,000128,035

Bids below this line were unsuccessful because they were below the clearing price of $36.20.

EPA rules state that in the event two identical bids are submitted that would exhaust all remaining allowances, the auction Administrator shall allocate all allowances to one of the bidders by lottery.
 
$36.20spg5,000133,035
$35.88Ohio Valley Electric Corporation15,000148,035
$35.00Sandy Creek Energy Associates2,000150,035
$34.88Ohio Valley Electric Corporation15,000165,035
$34.00LUME11,500176,535
$33.88Ohio Valley Electric Corporation10,000186,535
$33.39LUME8,500195,035
$33.03LUME8,500203,535
$33.00Sandy Creek Energy Associates1,750205,285
$32.66LUME7,500212,785
$31.25Demitrio10,000222,785
$31.00Sandy Creek Energy Associates717223,502
$30.07MBL2,500226,002
$29.25Demitrio10,000236,002
$29.16MBL2,500238,502
$28.25Demitrio10,000248,502
$28.03MBL2,500251,002
$27.50Constellation Energy Commodities Group, Inc.5,000256,002
$27.26LUME9,890265,892
$27.22MBL2,500268,392
$26.17MBL2,500270,892
$25.44Ohio Valley Electric Corporation10,000280,892
$25.13MBL2,500283,392
$25.00Constellation Energy Commodities Group, Inc.5,000288,392
$24.07MBL2,500290,892
$23.86LUME9,890300,782
$20.46LUME9,890310,672
$20.44Ohio Valley Electric Corporation10,000320,672
$20.00Constellation Energy Commodities Group, Inc.5,000325,672
$17.06LUME9,890335,562
$16.02Element Markets LLC1,500337,062
$15.00Constellation Energy Commodities Group, Inc.5,000342,062
$13.66LUME9,890351,952
$10.26LUME9,890361,842
$10.02Element Markets LLC3,000364,842
$10.00Constellation Energy Commodities Group, Inc.30,000394,842
$9.56LUME9,890404,732
$8.86LUME9,890414,622
$8.56LUME9,890424,512
$5.01Element Markets LLC6,000430,512
$2.53Element Markets LLC12,000442,512
$1.00LUME1442,513
$.10Demitrio1,000443,513
$.06Element Markets LLC41,500485,013

*Awarded a partial fill of 1,965 out of 5,000 allowances bid for.

7-Year Advance Bids (First Usable in 2017)

Bids Bidder's Name Quantity Total
$150.00Green Country Energy, LLC88
$100.00University of Tampa Environmental Protection Coalition513
$5.67Bates College Environmental Econ B316
$5.12Bates College Environmental Econ A319
$4.00Bates College Environmental Econ B322
$2.99Compass SEA Energy LLC6,2006,222
$2.99Saracen Energy LP13,80020,022
$2.19Compass SEA Energy LLC12,42532,447
$2.19Saracen Energy LP27,57560,022
$1.69Saracen Energy LP44,825104,847
$1.69Compass SEA Energy LLC*20,175125,022
Bids below this line were unsuccessful because they were below the clearing price of $36.20.
$1.37Evolution Markets50,000175,022
$1.05Constellation Energy Commodities Group, Inc.125,000300,022
$.29LUME125,000425,022
$.10Evolution Markets25,000450,022
$.06spg25,000475,022
$.05Evolution Markets25,000500,022
$.05spg25,000525,022
$.04spg25,000550,022
$.03Element Markets LLC50,000600,022
$.03spg25,000625,022
$.02spg25,000650,022
$.02Element Markets LLC75,000725,022
$.02Evolution Markets25,000750,022

*Awarded a partial fill of 20,153 out of 20,175 allowances bid for.

An Excel spreadsheet (Excel, 72 K) provides the same results. Download an Excel viewer exit EPA

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