The Clean Energy Regulator is pleased to announce that the next Emissions Reduction Fund (ERF) auction will be held on 9–10 September 2020. We are also inviting stakeholder views on proposed changes to the design of the optional delivery contract under the ERF.
Following the successful pilot at the tenth ERF auction in March 2020, optional delivery contracts will continue to be offered at future auctions, including the auction to be held on 9–10 September this year.
This innovative approach to contracting provides sellers with the right, but not the obligation, to sell Australian carbon credit units to the Commonwealth at a set price within a set timeframe.
As flagged with the market when the pilot was announced, we are now seeking feedback on the optional delivery contract and proposed changes to some of its design features. Fixed delivery contracts will continue to be offered at the September auction.
How to make a submission
Submissions can be emailed to auctions@cleanenergyregulator.gov.au. Please include the submission coversheet with your submission.
Consultation is open until 5pm, Wednesday 17 June 2020 (AEST).
The optional delivery contract and guidelines will be updated and released in time for the September auction. We also encourage you to contact us directly to discuss your feedback in more detail.