Clean Air Markets

2017 SO2 Allowance Auction

The 2017 SO2 Allowance Auction took place on March 28, 2017. Allowances were auctioned that could first be used in 2017 as well as in 2024. Details are provided via the the links below.

Allowances Available for Auction
Origin of Allowances Spot Auction
(First Usable in 2017)
7 Year Advance Auction
(First Usable in 2024 )
EPA 125,000 125,000
Privately Offered 0 0
Total 125,000 125,000
 
Spot Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 265,100 Successful: 10 Successful: 3 Highest: $.75
Sold: 125,000 Unsuccessful: 3 Unsuccessful: 1 Clearing: $.04
(the clearing price is the lowest price at which a successful bid was made)
  Total: 13 Total: 4 Lowest: $.01
      Weighted Average of Winning Bids: $.06
 
7 Year Advance Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 250,100 Successful: 4 Successful: 2 Highest: $.25
Sold: 125,000 Unsuccessful: 1 Unsuccessful: 1 Clearing: $.01
(the clearing price is the lowest price at which a successful bid was made)
  Total: 5 Total: 3 Lowest: $.01
      Weighted Average of Winning Bids: $.01
 
Spot Auction Winners
Bidder's Name Quantity Percentage of
Total Allowances
Amount Paid
KST 121,900 97.520 $7,626.00
Emission Advisors, Inc. 3,000 02.400 $190.00
Green Country Energy LLC 100 00.080 $75.00
TOTALS 125,000 100% $7,891.00
7 Year Advance Auction Winners
Bidder's Name Quantity Percentage of
Total Allowances
Amount Paid
KST 124,900 99.920 $1,849.00
Green Country Energy LLC 100 00.080 $25.00
TOTALS 125,000 100% $1,874.00

Total Auction Proceeds: $9,765.00

Spot Bids (First Usable in 2017)
BIDS BIDDER'S NAME QUANTITY TOTAL
$.75 Green Country Energy LLC 100 100
$.15 KST 2,500 2,600
$.13 KST 5,000 7,600
$.11 KST 7,500 15,100
$.09 KST 10,000 25,100
$.07 KST 25,000 50,100
$.07 Emission Advisors, Inc. 1,000 51,100
$.06 Emission Advisors, Inc. 2,000 53,100
$.05 KST 25,000 78,100
$.04 KST* 50,000 128,100
 

Bids below this line were unsuccessful because they were below the clearing price of $.04 

$.02 Emission Advisors, Inc. 2,000 130,100
$.02 Future Tax Credits 125,000 255,100
$.01 Emission Advisors, Inc. 10,000 265,100

*Awarded a partial fill of 46,900 out of 50,000 allowances bid for.

7 Year Advance Bids (First Usable in 2024)
BIDS BIDDER'S NAME QUANTITY TOTAL
$.25 Green Country Energy LLC 100 100
$.03 KST 10,000 10,100
$.02 KST 40,000 50,100
$.01 KST* 75,000 125,100
 

Bids below this line were unsuccessful.

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.
 
$.01 Future Tax Credits 125,000 250,100

*Awarded a partial fill of 74,900 out of 75,000 allowances bid for.

The 2017 Auction Results Spreadsheet(1 pg, 29 K) provides the same results. Download an Excel viewer. Exit

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