New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter XI - New York State Energy Research And Development Authority
Part 507 - Co Allowance Auction Program
Section 507.12 - Auction and secondary market monitoring

Universal Citation: 21 NY Comp Codes Rules and Regs ยง 507.12

Current through Register Vol. 46, No. 12, March 20, 2024

(a) In advising the committee, the professional independent auction monitor will monitor each CO 2 allowance auction and develop and apply data collection methods, metrics, and analytic techniques, and thresholds for identifying any bidding behavior or activity that may have a significant impact on the efficiency and performance of such auctions, including, but not limited to:

(1) collusion;

(2) market power; and/or

(3) price manipulation.

(b) The professional independent auction monitor shall also monitor allowance market data and information known to the department and the authority including allowance transactions and associated pricing reported in the CO 2 allowance tracking system, and other relevant data and information to ensure fair competition, efficient pricing, and protection against collusive or manipulative behavior in the CO 2 allowance auctions and the CO 2 Budget Trading Program.

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