2022 SO2 Allowance Auction
The 2022 SO2 Allowance Auction took place on March 29, 2022. Allowances were auctioned that could first be used in 2022 as well as in 2029. Details are provided via the the links below.
| Origin of Allowances | Spot Auction (First Usable in 2022) |
7 Year Advance Auction (First Usable in 2029) |
|---|---|---|
| EPA | 125,000 | 125,000 |
| Privately Offered | 0 | 0 |
| Total | 125,000 | 125,000 |
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 262,000 | Successful: 5 | Successful: 3 | Highest: $.07 |
| Sold: 125,000 | Unsuccessful: 2 | Unsuccessful: 0 | Clearing: $.02 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 7 | Total: 3 | Lowest: $.01 | |
| Weighted Average of Winning Bids: $.04 |
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 250,000 | Successful: 1 | Successful: 1 | Highest: $.01 |
| Sold: 125,000 | Unsuccessful: 1 | Unsuccessful: 1 | Clearing: $.01 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 2 | Total: 2 | Lowest: $.01 | |
| Weighted Average of Winning Bids: $.01 |
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
|---|---|---|---|
| Element Markets Emissions, LLC | 75,000 | 60.000 | $3,750.00 |
| Korn Pop | 48,000 | 38.400 | $960.00 |
| Mt Carmel Cogen Inc | 2,000 | 01.600 | $100.00 |
| TOTALS | 125,000 | 100% | $4,810.00 |
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
|---|---|---|---|
| Col. Walter E. Kurtz | 125,000 | 100.000 | $1,250.00 |
| TOTALS | 125,000 | 100% | $1,250.00 |
| Bids | Bidder's Name | Quantity | Total |
|---|---|---|---|
| $.07 | Element Markets Emissions, LLC | 25,000 | 25,000 |
| $.05 | Mt Carmel Cogen Inc | 2,000 | 27,000 |
| $.05 | Element Markets Emissions, LLC | 25,000 | 52,000 |
| $.03 | Element Markets Emissions, LLC | 25,000 | 77,000 |
| $.02 | Korn Pop* | 125,000 | 202,000 |
| *Awarded a partial fill of 48,000 out of 125,000 allowances bid for. Bids below this line were unsuccessful because they were below the clearing price of $.02. 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. |
|||
| $.02 | Element Markets Emissions, LLC | 50,000 | 252,000 |
| $.01 | Mt Carmel Cogen Inc | 10,000 | 262,000 |
| Bids | Bidder's Name | Quantity | Total |
|---|---|---|---|
| $.01 | Col. Walter E. Kurtz | 125,000 | 125,000 |
|
Bids below this line were unsuccessful because they were below the clearing price of $.01. 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 | Element Markets Emissions, LLC | 125,000 | 250,000 |
Total Auction Proceeds: $6,060.00
The 2022 ARP Auction Results Spreadsheet (xls) provides the same results. Download an Excel viewer.