Code of Massachusetts Regulations
225 CMR - DEPARTMENT OF ENERGY RESOURCES
Title 225 CMR 13.00 - Doer Co[2] Budget Trading Program Auction Regulation
Section 13.04 - Multi-state Auction Option

Universal Citation: 225 MA Code of Regs 225.13

Current through Register 1531, September 27, 2024

(1) DOER shall participate in a multi-state CO2 allowance auction or auctions in coordination with other RGGI Participating States, if it determines that:

(a) a multi-state auction capability and process is in place for the Participating States;

(b) the multi-state auction can provide benefits to the Commonwealth that meet or exceed the benefits conferred on the Commonwealth through its own state-run auction process; and

(c) the multi-state auction process would be consistent with the process described in 225 CMR 13.00.

(2) Upon making such determination, DOER shall designate an agent, pursuant to 225 CMR 13.06(1), to administer the multi-state auction in a manner consistent with the auction rules and procedures set forth in 225 CMR 13.00.

(3) Such determination to participate in the multi-state auction shall be published no later than 45 days prior to such multi-state auction on the CO2 Allowance Auction Website.

(4) DOER shall retain control over the proceeds associated with the sale of all of Massachusetts CO2 allowances sold in a multi-state CO2 allowance auction, and will administer the proceeds in accordance with 225 CMR 13.06(9). DOER shall retain its authority to enforce compliance with all sections of 225 CMR 13.00.

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