This page last reviewed April 2, 2014

Auction Information

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Background

As part of the Cap-and-Trade Program, ARB will hold quarterly allowance auctions and reserve sales to allow market participants to acquire allowances directly from ARB.  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.

This webpage will be updated with Auction Notices for each auction at 12:00 PM (Noon) Pacific Time (PT), sixty (60) days prior to each auction.  Reserve Sale Notices for each reserve sale will be posted four (4) weeks prior to each reserve sale at 12:00 PM PT.  If the date for posting an auction notice or reserve sale notice falls on a weekend or holiday, the notice will be posted no later than the next business day.  

This webpage will also be updated with public notices of auction and reserve sale results at 12:00 PM PT, approximately three (3) business days after each auction or reserve sale.  The date the results are posted will be provided in the Auction or Reserve Sale Notice posted prior to the auction or reserve sale.  If there is a delay or change to a posting date, ARB will issue a notice of the change.

May 2014 Auction Bidders' Conference and Participant Training Webinar   

The bidders' conference and auction participant training webinar for the May 2014 auction was held on Tuesday, April 1, 2014.

May 2014 Auction Bidders' Conference and Participant Training Webinar Presentation

May 2014 Auction Notice 

The May 2014 auction will be held on Friday, May 16, 2014, 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. 

April 2014 Reserve Sale Notice 

APRIL 3, 2014 RESERVE SALE WILL NOT BE HELDpdf

The California Cap-and-Trade Program Sale of Greenhouse Gas Allowances from the Allowance Price Containment Reserve (Reserve Sale) scheduled for Thursday, April 3, 2014, from 10:00 AM Pacific Time (PT) - 1:00 PM PT will not be held.   

The Reserve Sale Notice provides information about participant eligibility, format of the reserve sale, and APCR allowances offered for sale.

Auction 6 February 2014 Summary Results Report 

The February 2014 auction was conducted from 10:00 AM Pacific Time (PT) until 1:00 PM PT on February 19, 2014.  Please see the full ARB Auction 6 Summary Results Report.

February 2014 Auction Bidders' Conference and Participant Training Webinar 

The bidders' conference and auction participant training webinar for the February 2014 auction was held on Tuesday, January 7, 2014.

February 2014 Auction Bidders' Conference and Participant Training Webinar Presentation pdf 

February 2014 Auction Notice 

The February 2014 auction was held on Wednesday, February 19, 2014, 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.  

2014 Annual Auction Reserve Price Notice 

The 2014 Annual Auction Reserve Price Notice specifies the 2014 Auction Reserve Price, the number of allowances to be auctioned in 2014 for the quarterly auctions as part of the Current Auction and Advance Auction, and the prices for each tier of the 2014 Allowance Price Containment Reserve sales (Reserve Sales).  The 2014 quarterly GHG allowance auctions will offer 2014 vintage allowances and 2017 vintage allowances for sale.

December 2013 Reserve Sale Notice  

DECEMBER 31, 2013 RESERVE SALE WILL NOT BE HELDpdf

The California Cap-and-Trade Program Sale of Greenhouse Gas Allowances from the Allowance Price Containment Reserve (Reserve Sale) scheduled for Tuesday, December 31, 2013, from 10:00 AM Pacific Time (PT) - 1:00 PM PT will not be held.

The Reserve Sale Notice provides information about participant eligibility, format of the reserve sale, and APCR allowances offered for sale.

Auction 5 November 2013 Summary Results Report

The November 2013 auction was conducted from 10:00 AM Pacific Time (PT) until 1:00 PM PT on November 19, 2013.  Please see the full ARB Auction 5 Summary Results Report.

2014 Auction and Reserve Sale Activities Summary of Expected Dates 

The California Cap-and-Trade Program Auction and Reserve Sale Activities Summary of Expected Dates includes the expected auction and reserve sale dates for 2014.

2014 Auction and Reserve Sale Activities Summary of Expected Dates pdf

November 2013 Auction Bidders' Conference and Participant Training Webinar 

The bidders' conference and auction participant training webinar for the November 2013 auction was held on Thursday, October 3, 2013.

November 2013 Auction Bidders' Conference and Participant Training Webinar Presentation pdf 

November 2013 Auction Notice 

The November 2013 Auction was held on Tuesday, November 19, 2013, from 10:00 AM - 1:00 PM Pacific Time.

The November Auction Notice provides information about eligibility, auction format, and greenhouse gas (GHG) allowances to be auctioned.

September 2013 Reserve Sale Notice 

SEPTEMBER 27, 2013 RESERVE SALE WILL NOT BE HELDpdf

The California Cap-and-Trade Program Sale of Greenhouse Gas Allowances from the Allowance Price Containment Reserve (Reserve Sale) scheduled for Friday, September 27, 2013, from 10:00 AM Pacific Time (PT) - 1:00 PM PT will not be held.

The Reserve Sale Notice provides information about participant eligibility, format of the reserve sale, and APCR allowances offered for sale.

September 2013 Reserve Sale Bidders' Conference and Participant Training Webinar 

The bidders' conference and reserve sale participant training webinar for the September 2013 reserve sale was held on Thursday, September 5, 2013.  

September 2013 Reserve Sale Bidders' Conference and Reserve Sale Participant Training Webinar Presentationpdf

Auction 4 August 2013 Summary Results Report 

The August 2013 auction was conducted from 10:00 AM Pacific Time (PT) until 1:00 PM PT on August 16, 2013.  Please see the full ARB Auction 4 Summary Results Report. 

August 16, 2013 Auction Notice

The August 2013 auction was held on August 16, 2013, from 10:00 AM - 1:00 PM Pacific Time.

The August Auction Notice provides information about eligibility, auction format, and greenhouse gas (GHG) allowances to be auctioned.

August 2013 Auction Bidders' Conference and Participant Training Webinar

The bidders' conference and auction participant training webinar for the August 2013 auction was held on Tuesday, July 2, 2013.

August 2013 Auction Bidders' Conference and Auction Participant Training Webinar Presentation pdf

June 2013 Reserve Sale Notice

JUNE 27, 2013 RESERVE SALE WAS NOT HELDpdf

The California Cap-and-Trade Program Sale of Greenhouse Gas Allowances from the Allowance Price Containment Reserve (reserve sale) scheduled for June 27, 2013, from 10:00 AM - 1:00 PM Pacific Time was not held.

The Reserve Sale Notice provides information about participant eligibility, format of the reserve sale, and APCR allowances offered for sale.

June 2013 Reserve Sale Bidders' Conference and Participant Training Webinar

The bidders' conference and participant training webinar for the June 2013 reserve sale was held on Thursday, June 6, 2013.

June 2013 Reserve Sale Bidders' Conference and Participant Training Webinar Presentation pdf

Auction 3 May 2013 Summary Results Report 

The May 2013 auction was conducted from 10:00 AM Pacific Time (PT) until 1:00 PM PT on May 16, 2013.  Please see the full ARB Auction 3 Summary Results Report. 

Archive:

May 16, 2013 Auction Notice

The May 2013 auction was 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.

May 2013 Auction Bidders' Conference and Participant Training Webinar

The bidders' conference and auction participant training webinar for the May 2013 auction was held on Tuesday, April 2, 2013.

May 2013 Auction Bidders' Conference and Auction Participant Training Webinar Presentation pdf

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.  Please see the full ARB Auction 2 Summary Results Report. 

Archive:

March 8, 2013 Reserve Sale Notice 

MARCH 8, 2013 RESERVE SALE WAS NOT HELD

The California Cap-and-Trade Program Sale of Greenhouse Gas Allowances from the Allowance Price Containment Reserve (reserve sale) scheduled for March 8, 2013 was not held.

The Reserve Sale Notice provides information about participant eligibility, format of the reserve sale, and APCR allowances offered for sale.

March 2013 Reserve Sale Bidders' Conference and Participant Training Webinar 

The bidders' conference and reserve sale participant training webinar for the March 2013 reserve sale was held on Thursday, February 14, 2013.

March 2013 Reserve Sale Bidders' Conference and Participant Training Webinar Presentation pdf 

February 2013 Auction Bidders' Conference and Auction Participant Training Webinars 

January 10, 2013 Bidders' Conference and Auction Participant Training Webinar

The bidders' conference and auction participant training webinar for the February 2013 auction was held on Thursday, January 10, 2013.

February 2013 Auction Bidders' Conference and Auction Participant Training Webinar Presentation pdf

January 15, 2013 Auction Participant Training Webinar #2 

The auction participant training webinar for the February 2013 auction was held on Tuesday, January 15, 2013. 

February 2013 Auction Participant Training Webinar Presentation pdf 

February 19, 2013 Auction Notice 

The February 2013 auction was 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.

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 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.

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

Auction 1 November 2012 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.  Please see the full ARB Auction 1 Summary Results Report.  

Archive:

November 14, 2012 Auction Notice

The November 2012 auction was held on Wednesday, November 14, 2012, from 10:00 AM - 1:00 PM Pacific Time.

The November Auction Notice provides information about eligibility, auction format, and greenhouse gas (GHG) allowances to be auctioned.

November 14, 2012 Auction Bidders' Conference

The bidders' conference for the November 2012 auction was held on Thursday, October 4, 2012.  

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.


Archived Webinar Information:

   

October 10, 2012 

The second auction participant training webinar for the November 2012 auction was held on Wednesday, October 10, 2012.

September 25, 2012

The first auction participant training webinar for the November 2012 auction was held on Tuesday, September 25, 2012.


Practice Auction Report and Results:

ARB held a Practice Auction on Thursday, August 30, 2012.  Please see the Practice Auction Summary Results Report.  

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)

Resources Archive

For questions or comments, please contact Chuck Seidler at (916) 324-0931.


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