250 R.I. Code R. 250-RICR-120-05-47.10

Current through December 26, 2024

Section 250-RICR-120-05-47.10 - ECR Allowances

A. CO₂ ECR allowances shall only be withheld from an auction if the demand for allowances would result in an auction clearing price that is less than the ECR trigger price prior to the withholding from the auction of any ECR allowances.

B. If the condition in § 47.10(A) of this Part is met at an auction, then the maximum number of CO₂ ECR allowances that may be withheld from that auction will be equal to the quantity specified in §46.8.3(D)(1) of this Subchapter (CO₂ Budget Trading Program) minus the total quantity of CO₂ ECR allowances that have been withheld from any prior auction in that calendar year. Any CO₂ ECR allowances withheld from an auction will be transferred into the Rhode Island ECR account.

C. ECR allowances that have been transferred into the Rhode Island ECR account shall not be withdrawn.

250 R.I. Code R. 250-RICR-120-05-47.10

Amended effective 12/25/2018