This page last reviewed October 4, 2017

Reserve Sale Information

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Archived Information and Results 

Archived Reserve Sale Information and Results

Additional Resources Archive

Auction and Reserve Sale Schedule 

The California Cap-and-Trade Program Auction and Reserve Sale Activities Summary of Expected Dates includes the expected auction and reserve sale dates for 2017.

Greenhouse Gas Allowance Price Containment Reserve Sales

As part of the Cap-and-Trade Program, California will hold quarterly sales of allowances from the Allowance Price Containment Reserve (reserve sales).  In 2017, the reserve sales are scheduled pursuant to the schedule in Appendix C of 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.

Reserve sale notices are posted on this webpage at 12:00 PM PT, approximately thirty (30) days prior to each reserve sale.  If the date for posting a reserve sale notice falls on a weekend or holiday, the notice will be posted no later than the next business day.  The Reserve Sale Notice provides information about eligibility, reserve sale format, and APCR allowances offered for sale.

If there are no qualified applicants or qualified bidders for any scheduled reserve sale, then that reserve sale will not be held.  If a reserve sale will not be held, ARB will post a notification to this webpage no later than two (2) days prior to the scheduled reserve sale.

California Reserve Sale Information and Results 

Reserve Sale Date Information and Results
Reserve Sale 19 –
October 3, 2017

10:00 AM to 1:00 PM PT

    NOTE: Additional information on prior reserve sales can be found on the Archived Reserve Sale Information and Results webpage.

    Reserve Sale Requirements, Instructions, and Examples

    The 2017 Detailed Reserve Sale Requirements and Instructions provide detailed requirements and instructions for participating in a reserve sale. The 2017 Reserve Sale Examples provide information and examples of how to determine the amount of a bid guarantee, how holding limits are applied, and examples of reserve sale bid fulfillment and purchase determinations.

    2017 Reserve Sale Participant Training

    A reserve sale participant training presentation is posted annually and updated as needed.  The presentation provides information regarding the reserve sale eligibility, format, procedures, and requirements, as well as how to submit an application to provide notification of an entity's intent to bid in a reserve sale, submit a bid guarantee, and submit bids in the Auction Platform.

    2017 Annual Allowance Price Containment Reserve Notice  

    The 2017 Annual Allowance Price Containment Reserve Notice specifies the number of Allowance Price Containment Reserve allowances potentially available for sale during 2017 and the tier prices.

    For questions or comments about this page, please contact Rajmir Rai at (916) 327-5614