§ 145.403. Auction timing and CO₂ 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.

Cross References

   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).

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