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This page last reviewed April 3, 2013
Auction Information
What's New |
Background
As part of the cap-and-trade program, ARB will hold allowance auctions and reserve sales to allow market participants to acquire allowances directly from ARB. ARB conducted the first quarterly auction on November 14, 2012. As part of program implementation in 2012, training will be provided to auction participants. ARB plans to conduct the first quarterly reserve sale on March 8, 2013. Auction participants apply to participate in an auction or reserve sale or confirm their intent to bid, submit a bid guarantee, and meet financial regulatory requirements in order to participate in an auction or reserve sale.
May 16, 2013 Auction Notice 
The next quarterly auction will be held on Thursday, May 16, 2013, from 10:00 AM - 1:00 PM Pacific Time. The May Auction Notice provides information about eligibility, auction format, and greenhouse gas (GHG) allowances to be auctioned.
- Auction Notice
- Auction Notice - Attachment A: Detailed Auction Requirements and Instructions
- Auction Notice - Attachment B: Examples
May 2013 Auction Bidders' Conference and Participant Training Webinar
ARB is holding a bidders' conference and auction participant training webinar for the May 2013 auction on Tuesday, April 2, 2013 from 10:00 AM to 12:00 PM (noon) Pacific Time. The bidders’ conference and auction training will be open via teleconference to anyone interested in participating in the May 2013 auction. The bidders’ conference will include discussion of the auction format and the application process, and auction procedures and requirements. The bidders’ conference webinar will be followed by auction participant training, which will describe how to apply for an auction and submit bids in the Auction Platform, as well as how to submit a bid guarantee. The details for the bidders' conference and auction participant training webinar are below.May 2013 Auction Bidders' Conference and Auction Participant Training Webinar Presentation
Click here to join the Webinar: http://markit.adobeconnect.com/r1r4x6vsgxs/
and sign in as a guest.
To dial-in, please use the Participant Phone numbers and Webinar Passcode listed below:
Participants U.S. and Canada Toll free: 888-204-4317
Passcode: 7895664
Auction 2 February 2013 Summary Results Report
The
February 2013 auction was conducted from 10:00 AM Pacific Time (PT)
until 1:00 PM PT on February 19, 2013. Provided below are the
results of the auction. For more detail on the results, please
see the full ARB Auction 2 Summary Results Report. | Auction | Allowances Offered | Allowances Sold | Settlement Price |
| Current Auction (2013 Vintage) | 12,924,822 | 12,924,822 | $13.62 |
| Advance Auction (2016 Vintage) | 9,560,000 | 4,440,000 | $10.71 |
March 8, 2013 Reserve Sale Notice
MARCH 8, 2013 RESERVE SALE IS NOT BEING HELD.The Reserve Sale Notice for the California Cap-and-Trade Program Sale of Allowances from the Allowance Price Containment Reserve (Reserve Sale Notice) on March 8, 2013, is the official notification for the March 8, 2013, greenhouse gas (GHG) reserve sale (March 2013 reserve sale). As documented in the Cap-and-Trade Regulation, California’s reserve sales will offer GHG allowances from the Allowance Price Containment Reserve (APCR) for sale in three fixed-price, equal-sized tiers.
The Reserve Sale Notice provides information about participant eligibility, format of the reserve sale, and APCR allowances offered for sale.
- Reserve Sale Notice
- Reserve Sale Notice - Attachment A: Detailed Reserve Sale Requirements and Instructions
- Reserve Sale Notice - Attachment B: Examples
March 2013 Reserve Sale Bidders' Conference and Participant Training Webinar
ARB
and the Reserve Sale Administrator will hold a bidders' conference and
reserve sale participant training webinar for the March 2013 reserve
sale from 10:00 AM to 12:00 PM PT on Thursday, February 14, 2013. The
bidders' conference and reserve sale training will be open via
teleconference to anyone interested in participating in the March 2013 reserve sale.
The webinar will continue through the scheduled time period or
until all questions are answered. The bidders’ conference will
include discussion of
the reserve sale format, application process, procedures, and requirements. The bidders’ conference webinar will
be followed by reserve sale participant training, which will describe
how to apply for a reserve sale and submit bids in the Auction
Platform, as well as how to submit a bid guarantee. The details
for the bidders’ conference and reserve sale participant training
webinar are provided below.March 2013 Reserve Sale Bidders' Conference and Participant Training Webinar Presentation
Click here on February 14, 2013, to join the Webinar: http://markit.adobeconnect.com/r2dtlk8k9gl/ and sign in as a guest.
To dial-in, please use the Participant Phone numbers and Webinar Passcode listed below:
- Participants U.S. and Canada Toll free: 877-723-9518
- Passcode: 8234707
February 2013 Auction Bidders' Conference and Auction Participant Training Webinars
January 10, 2013 Bidders' Conference and Auction Participant Training Webinar
ARB is holding a bidders' conference and auction participant training webinar for the February 2013 auction on Thursday, January 10, 2013 from 10:00 AM to 12:00 (noon) Pacific Time. The bidders’ conference and auction training will be open via teleconference to anyone interested in participating in the February 2013 auction. The bidders’ conference will include discussion of the auction format and the application process, and auction procedures and requirements. The bidders’ conference webinar will be followed by auction participant training, which will describe how to apply for an auction and submit bids in the Auction Platform, as well as how to submit a bid guarantee. The presentation and details for the bidders' conference and auction participant training webinar are below.February 2013 Auction Bidders' Conference and Auction Participant Training Webinar Presentation
Click here to join the Webinar: http://markit.adobeconnect.com/r8v2a0yca8d/ and sign in as a guest.
To dial-in, please use the Participant Phone numbers and Webinar Passcode listed below:
- Participants U.S. and Canada Toll free: 877-397-0300
- Participants International Toll: +1 719-325-4811
- Passcode: 950244
January 15, 2013 Auction Participant Training Webinar #2
ARB is holding a second auction participant training webinar for the February 2013 auction on Tuesday, January 15, 2013, from 1:00 PM to 3:00 PM Pacific Time. The webinar will describe how to apply for an auction and submit bids in the Auction Platform, as well as how to submit a bid guarantee. The details for the auction participant training webinar are below.February 2013 Auction Participant Training Webinar Presentation
Click here to join the Webinar: http://markit.adobeconnect.com/r4qjg34d7ca/ and sign in as a guest.
To dial-in, please use the Participant Phone numbers and Webinar Passcode listed below:
- Participants U.S. and Canada Toll free: 800-324-5531
- Participants International Toll: +1 719-325-2120
- Passcode: 453520
February 19, 2013 Auction Notice
The next quarterly auction will be held on Tuesday, February 19, 2013, from 10:00 AM - 1:00 PM Pacific Time. The February Auction Notice provides information about eligibility, auction format, and greenhouse gas (GHG) allowances to be auctioned.
- Auction Notice
- Auction Notice - Attachment A: Detailed Auction Requirements and Instructions
- Auction Notice - Attachment B: Examples
Auction 1 Summary Statistics
Additional
summary statistics from the November 14, 2012 auction are available
below. If you have any questions on the auction results, please
contact the ARB Public Information Office at (916) 322-2990.2013 Annual Auction Reserve Price Notice
The updated 2013 Annual Auction Reserve Price Notice specifies the 2013 Auction Reserve Price and the final number of allowances to be auctioned in 2013 for the quarterly auctions as part of the Current Auction and Advance Auction. ARB has now received direction from all public owned utilities (POUs) on how to distribute their allowances and Table 1 has been updated to reflect the final auction budget for 2013 vintage allowances. This annual budget update does not change the amount of 2013 vintage (Current Auction) allowances available for sale in the February 19, 2013 auction.
The 2013 Annual Auction Reserve Price Notice originally issued on December 3, 2012, included a 2013 auction budget that included State-owned allowances and a partial accounting of the number of allowances to be consigned by electrical distribution utilities (EDUs).
Auction 1 Summary Results Report
The November 2012 auction was conducted from 10:00 AM Pacific Time (PT) until 1:00 PM PT on November 14, 2012. Provided below are the results of the auction. For more detail on the results, please see the full ARB Auction 1 Summary Results Report.
| Auction | Allowances Offered | Allowances Sold | Settlement Price |
| Current Auction (2013 Vintage) | 23,126,110 | 23,126,110 | $10.09 |
| Advance Auction (2015 Vintage) | 39,450,000 | 5,576,000 | $10.00 |
November 14, 2012 Auction Notice
The November Auction Notice provides information about eligibility, auction format, and greenhouse gas (GHG) allowances to be auctioned.
- Auction Notice (Updated)
- Auction Notice - Attachment A: Detailed Auction Requirements and Instructions (Revised)
- Auction Notice - Attachment B: Examples
Auction Bid Advisor Form
Section 95914 of the Cap and Trade Regulation (Regulation) requires that any entity participating in an auction that has retained the services of an advisor regarding auction bidding strategy must ensure the following:
- The entity must ensure against the advisor transferring information to other auction participants or coordinating the bidding strategy among participants;
- The entity will inform the advisor of the prohibition of sharing information to other auction participants and ensure the advisor has read and acknowledged the prohibition under penalty of perjury; and
- Any entity that has retained the services of an advisor must inform ARB of the advisor’s retention.
The primary account representative (PAR) or the alternate account representative (AAR) of the entity must submit the information on the Auction Bid Advisor Form to ARB at the address on the form no later than 10 business days prior to the next quarterly auction or reserve sale at which the bid advisor’s services will be employed.
Auction Platform
The Greenhouse Gas (GHG) Allowance Auction and Reserve Sale Platform (“Auction Platform”) is a secured platform that has been developed to be integrated with the other cap-and-trade platforms. The Auction Platform provides a centralized state-of-the-art platform for the GHG Auctions and Reserve Sales. It allows participants to apply for, post bids to, and review results for the GHG allowance auctions and reserve sales. The Auction Platform is available at: https://www.wci-auction.org/
Auction Support Team
If
you have specific questions regarding the Auction Platform, please
contact the Auction Administrator Support team via email at: auctionsupport@markit.com, or call 1 (877) 762-7548. Bidders' Conference
ARB held an informational bidders' conference on Thursday, October 4, 2012. The bidders’ conference was open to anyone interested in participating in the November 2012 auction. The bidders' conference included discussion of the auction format and the application process, and auction procedures and requirements. The bidders' conference presentation is provided below.
Auction Platform Webinar Training
Please note that no training sessions are scheduled at this time.Archived Webinar Information:
October 10, 2012
ARB held an auction participant training webinar session on Wednesday, October 10, 2012, as originally noticed in Attachment A of the September 14th Auction Notice. The participant training webinar was open to anyone interested in participating in the November 14, 2012 auction. The auction participant training included the material presented during the October 4, 2012, GHG Allowance Auction Bidders’ Conference on the auction format, procedures, and requirements, as well as the auction application process in the Auction Platform. The slide presentation that was discussed during this webinar session is provided below.
September 25, 2012
Practice Auction Report and Results:
ARB developed a public summary results report for the August 30th Practice Auction. 
Contracts
ARB has contracted with the following organizations:
- Markit North America, Inc. to act as the Auction and Reserve Sale Operator (Auction Administrator)
- Deutsche
Bank National Trust Company to act as the Financial Services for Auction and Reserve Sale Provider
(Financial Services Administrator)
