N.J. Admin. Code § 7:27C-11.7

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:27C-11.7 - Auction participant eligibility

(a) The Department will announce the categories of parties that are eligible to participate in a specific CO[2] allowance auction as part of the notice of CO[2] allowance auction, provided that an owner or operator of a CO[2] Budget unit located in New Jersey is always eligible to participate in a CO[2] allowance auction.

(b) For any CO[2] allowance auction, the following categories of parties may be eligible to participate:

1. The owner or operator of a CObudget unit located in New Jersey, who is always eligible to participate, pursuant to (a) above;

2. The owner or operator of a CObudget unit located in a participating state;

3. The owner or operator of a CObudget unit located outside of New Jersey, but within those states that have final CO[2] Budget Trading Program regulatory provisions in place at the time of the CO[2] allowance auction and are participating states;

4. The owner of a fossil fuel-fired generation unit located outside of the participating states;

5. A broker;

6. An environmental group;

7. A financial or investment institution; and

8. Any other market participant, as may be specified in the notice of CO[2] allowance auction, with or without limitation.

N.J. Admin. Code § 7:27C-11.7

Adopted by 51 N.J.R. 992(a), effective 6/17/2019