25 Pa. Code § 145.403 - Auction timing and CO[2] allowance submission schedule

(a) A CO₂ allowance auction will be held no less frequently than annually, and as frequently as the Department determines is necessary and practical to ensure the availability of CO₂ allowances to CO₂ budget units and CO₂ budget sources and to support the effective functioning of the CO₂ allowance market.

(b) Prior to the end of each control period or interim control period, the Department will make available for sale by auction, all CO₂ allowances held in the air pollution reduction account that are designated for the allocation years associated with that control period or interim control period. This will not include CO₂ allowances set aside in the waste coal set-aside account under § 145.342(i) (relating to CO₂ allowance allocations), the strategic use set-aside account under § 145.342(j) or the combined heat and power set-aside account under § 145.342 (k).

(c) The number of CO₂ allowances to be made available for sale in an auction will be disclosed in the notice of CO₂ allowance auction issued under § 145.404 (relating to auction notice).

(d) An auction of CO₂ allowances will include a CO₂ cost containment reserve and a CCR trigger price, as provided under § 145.342.

Notes

25 Pa. Code § 145.403

This section cited in 25 Pa. Code § 145.302 (relating to definitions); 25 Pa. Code § 145.401 (relating to auction of CO₂ allowances); and 25 Pa. Code § 145.409 (relating to approval of auction results).