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arbcombo -- Availability of the March 2013 Reserve Sale Notice

Posted: 05 Feb 2013 15:34:36
The California Air Resources Board will make available the
“Reserve Sale Notice for the California Cap-and-Trade Program
Sale of Greenhouse Gas (GHG) Allowances from the Allowance Price
Containment Reserve (Reserve Sale)” to be held on March 8, 2013.


The March 2013 Reserve Sale will offer for sale allowances that
were transferred to the Allowance Price Containment Reserve
(APCR) from the annual allowance budgets for years 2013 through
2020.  These allowances have no vintage year and the prices for
allowances in each tier are determined annually by ARB.  The
March 2013 Reserve Sale is scheduled to take place from 10:00 AM
Pacific Time (PT) until 1:00 PM PT.  

The March 2013 Reserve Sale Notice will provide information about
participant eligibility, format of the reserve sale, and APCR
allowances offered for sale.  The March 2013 Reserve Sale is
different than the February 2013 Quarterly GHG Allowance Auction.
 As documented in the Cap-and-Trade Regulation, only California
covered or opt-in entities can participate in reserve sales.  At
the March 2013 Reserve Sale, allowances will be sold at
applicable prices for each of the three APCR tiers. 

The March 2013 Reserve Sale Notice will be posted at 12:00 PM PT
(Noon), February 6, 2013 on ARB’s website at:
http://www.arb.ca.gov/cc/capandtrade/auction/auction.htm.

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.  

Click on the following link to join the Webinar and sign in as a
guest: http://markit.adobeconnect.com/r2dtlk8k9gl/

To dial-in, please use the Participant Phone numbers and Passcode
listed below:
Participants U.S. and Canada Toll free: 877-723-9518
Passcode: 8234707

If you have any questions on the reserve sale, please contact
Chuck Seidler at (916) 324-0931.

For questions regarding the California GHG Cap-and-Trade Program,
please contact the California Air Resources Board at (916)
322-2037.  For more information on the California Cap-and-Trade
Program, please go to:
http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm.



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