New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 27C - CO[2] BUDGET TRADING PROGRAM
Subchapter 11 - CO[2] ALLOWANCE AUCTIONS
Section 7:27C-11.2 - Auction format

Universal Citation: NJ Admin Code 7:27C-11.2

Current through Register Vol. 56, No. 18, September 16, 2024

(a) The format of the CO[2] allowance auctions will be one or more of the following: 1. Uniform-price sealed-bid;

2. Discriminatory-price sealed-bid;

3. Ascending price, multiple-round; or

4. Descending price, multiple-round.

(b) CO[2] allowances will be auctioned in lots of 1,000 CO[2] allowances, unless the volume of CO[2] allowances auctioned requires an individual lot size smaller than 1,000.

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