The Clean Energy Regulator will hold a seventh Emissions Reduction Fund auction on Wednesday 6 and Thursday 7 June 2018.
The Clean Energy Regulator has made minor changes to the guidelines for this auction. In previous auctions, the guidelines allowed the agency to purchase between 50 and 100 per cent of available abatement below the benchmark price. From this auction, the agency will be able to purchase between 25 and 100 per cent below the benchmark price.
Performance of existing projects and contracts will continue to be taken into account when determining whether project owners are eligible to participate at auction.
This auction announcement comes after the release of the agricultural systems soil carbon method, providing opportunity for new sectoral engagement in the Emissions Reduction Fund.
For additional information on the timeframes for participation in the seventh auction, see participating in an auction.
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