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The EPA on Wednesday posted the results of its annual acid
rain auction, held on March 24. The annual auction gives power plants, brokers,
and private citizens the opportunity to buy and sell SO2
allowances as part of the agency's cap and trade program to reduce emissions
contributing to acid rain.
The auction included two "vintages" of allowances. Vintage describes the earliest year an allowance may be applied against SO2 emissions. In addition to year 2009 allowances, the Clean Air Act mandated that the EPA auction additional allowances seven years in advance to help provide stability in planning for capital investment. These advance allowances will be usable first in 2016. No offers from private parties to sell their allowances were received.
The auction included two "vintages" of allowances. Vintage describes the earliest year an allowance may be applied against SO2 emissions. In addition to year 2009 allowances, the Clean Air Act mandated that the EPA auction additional allowances seven years in advance to help provide stability in planning for capital investment. These advance allowances will be usable first in 2016. No offers from private parties to sell their allowances were received.
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