4/24/2014
1
Announcements
•
Round 6 bids due this Friday evening.
•
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
Friday
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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4/24/2014
4
Wed. permit market results
The 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 vintage
allowances and an Advance Auction of 2015 vintage allowances. Below are key data
and information on the results of the auction
Total 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
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Minimum Price:
$12.99
Fri. permit market results
The 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 vintage
allowances and an Advance Auction of 2015 vintage allowances. Below are key data
and information on the results of the auction
Total 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
4/24/2014
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
