The thirty-first quarterly carbon auction held by California and Quebec sold all of the more than 58.3 million carbon permits offered for current emissions at a price of $30.85 per allowance, above the floor price of $19.70, according to the results released on May 26 by the California Air Resources Board. The settlement price is…...
The California Independent System Operator Corp. on May 3 announced that the Bonneville Power Administration and Tucson Electric Power have joined the Western Energy Imbalance Market, or WEIM. Enrolling with the WEIM allows both utilities the opportunity to achieve cost saving and lower carbon emissions for their customers. Moreover, participating in the market provides another…...
U.S. carbon markets drew strong participation in recent auctions reflecting potentially higher demand for carbon allowances in anticipation of more stringent federal and state climate policies. Washington is advancing a new cap-and-invest program, while Vermont is examining options for a similar initiative to cut transportation sector emissions.
New England’s annual capacity auction ended with adequate power system supplies to satisfy peak demand in 2025-2026, with clearing prices ranging from $2.531 to $2.639 per kilowatt month across various pricing zones. The value of the capacity market in 2025-2026 will be about $1.04 billion, according to preliminary estimates in the results released on March…...
The 55th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold all of the nearly 21.8 million CO2 allowances offered at a record high clearing price of $13.50, according to the results released on March 11. Bids ranged from $2.44 to $30.00 per allowance with…...
The thirtieth quarterly carbon auction held by California and Quebec sold all more than 58.5 million carbon permits offered for current emissions at a price of $29.15 per allowance, above the floor price of $19.70, according to the results released on Feb. 24 by the California Air Resources Board. The settlement price is nearly 3.1…...
The Western Energy Imbalance market generated $739 million in benefits in 2021, the highest annual benefits achieved since the market launched in 2014, according to a Jan. 31 press release from the California Independent System Operator Corporation. This brings the cumulative benefits of the real-time energy market close to the $2 billion mark. The previous…...