Some highlights from the spot auction:
- 892,343 allowances were bid for
- 125,000 were purchased
- 59 unsuccessful bids (11 bidders)
- 18 successful bids (11 bidders)
- Highest bid price = $500
- Lowest bid price = $0.06
- Clearing bid price = $69.74
The Ohio Valley Electric Cooperative was the largest bidder with 75,000 allowances purchased. Smaller bidders include the Acid Rain Retirement Fund (10) and Bates College Environmental Econ (2). From my count, at least 16,000 tons of SO2 will be retired as private bidders put their money where their mouths is [sic]. Imagine if this could be done in a CO2 auction?
