4/24/2014
1
Announcements
•
Round 6 bids due this Friday evening.
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After debriefing round 6 on Tuesday, final bids
for the true
‐
up auction due Tuesday evening.
•
Complete debrief /awards ceremony on the
final day of class (May 1).
•
ESG diaries must be submitted individually.
These are due via email
Tuesday May 6
.
Outline
•
Debrief round 5
•
Finish discussion of renewable energy policy
(Borenstein reading; Popp reading).
•
Conclude with discussion of “innovation” policy.
•
Next class: EEP Careers panel!

4/24/2014
2
HOUR 1
Wednesday
Friday
Demand : 14, 693 MW
Price : $62
Demand : 14,693 MW
Price: $64
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HOUR 2
Wednesday
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Demand : 16,940 MW
Price : $96.24
Demand : 16,940 MW
Price : $75
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4/24/2014
3
HOUR 3
Wednesday
Friday
Demand : 18,030 MW
Price : $96.24
Demand : 18,620 MW
Price : $142.82
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HOUR 4
Wednesday
Friday
Demand : 16,833 MW
Price : $72.00
Demand : 16,833 MW
Price : $96.24
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4/24/2014Wed. permit market resultsThe Air Resources Board (ARB) held its first auction of greenhouse gas allowances(GHG) on November 14, 2012. The auction included a Current Auction of 2013 vintageallowances and an Advance Auction of 2015 vintage allowances. Below are key dataand information on the results of the auctionTotal Allowances Available for Sale:19,475•Auction Reserve Price:$0.00•Settlement Price Per Allowance:$98.99•Allowances Purchased by Compliance Entities:19,275•Bid Price Summary Statistics•Maximum Price:$150•Minimum Price:$12.99Fri. permit market resultsThe Air Resources Board (ARB) held its first auction of greenhouse gas allowances(GHG) on November 14, 2012. The auction included a Current Auction of 2013 vintageallowances and an Advance Auction of 2015 vintage allowances. Below are key dataand information on the results of the auctionTotal Allowances Available for Sale:33,516•Auction Reserve Price:$0.00•Settlement Price Per Allowance:$130•Allowances Purchased by Compliance Entities:15,592•Bid Price Summary Statistics•Maximum Price:$150•Minimum Price:$50
4

4/24/2014
5
Wed. emissions (tons CO2)
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Empty bar corresponds to round 5 emissions intensity * forecast demand
Friday emissions (tons CO2)
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Empty bar corresponds to round 5 emissions intensity * forecast demand
