Current through Register Vol. 54, No. 25, June 22, 2024
Section 145.403 - Auction timing and CO[2] allowance submission schedule(a) A CO2 allowance auction will be held no less frequently than annually, and as frequently as the Department determines is necessary and practical to ensure the availability of CO2 allowances to CO2 budget units and CO2 budget sources and to support the effective functioning of the CO2 allowance market. (b) Prior to the end of each control period or interim control period, the Department will make available for sale by auction, all CO2 allowances held in the air pollution reduction account that are designated for the allocation years associated with that control period or interim control period. This will not include CO2 allowances set aside in the waste coal set-aside account under § 145.342(i) (relating to CO2 allowance allocations), the strategic use set-aside account under § 145.342(j) or the combined heat and power set-aside account under § 145.342 (k).(c) The number of CO2 allowances to be made available for sale in an auction will be disclosed in the notice of CO2 allowance auction issued under § 145.404 (relating to auction notice).(d) An auction of CO2 allowances will include a CO2 cost containment reserve and a CCR trigger price, as provided under § 145.342. This section cited in 25 Pa. Code § 145.302 (relating to definitions); 25 Pa. Code § 145.401 (relating to auction of CO2 allowances); and 25 Pa. Code § 145.409 (relating to approval of auction results).