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Auction - April 2016

03 August 2017
ERF

The third Emissions Reduction Fund auction was held on Wednesday 27 and Thursday 28 April 2016.​

​​ ​​At that auction the Clean Energy Regulator:​
  • Committed to purchase 50 471 310 tonnes of abatement ​on behalf of the Commonwealth.
  • The average price per tonne ​of abatement is $10.23.
  • 73 contracts were awarded.​
  • Contracts were awarded to 33 contractors covering 73 projects.
  • The total value of contracts awarded at this auction is $516 177 598.
  • The largest single contract is for 15 million tonnes of abatement and the smallest is for 5383 tonnes of abatement.

All information on the Carbon Abatement Contracts​ awarded​ by the Clean Energy Regulator is ​found in the Carbon Abatement Contract table​.

Summary of third auction results ​​​(April 2016)​​

Third auction 27-28 April 2016 Emission Reduction Fund
Graphic of Average price per tonne of abatement
Graphic of Contracted Abatement
Graphic of Emissions Reduction Fund's remaining funds
Graphic of the volume of abatement accepted below benchmark price
Graphic of contracts awarded
Graphic of projects contracted

Cumulative auction results – April 2015, November 2015 and April 2016​​

Combined results for Emissions Reduction Fund auctions 1,2, and 3​  

 

​Download the documentasset:Emissions Reduction Fund - Cumulative auction results for an overview of the combined results for auctions 1, 2 and 3.

Breakdown of activity by​ me​thod

The Clean Energy Regulator received 103 bids for the third auction, 73 were successful. Details of total and accepted bids by method type are available below.

Graphic of the breakdown of activity by method​​

​​Download the documentasset:Break​down of acti​vity by method. 

Probity assessment of the third Emission Reduction Fund auction

The Clean Energy Regulator engaged Deloitte Touche Tohmatsu (Deloitte) to assess and report on the probity of the third Emissions Reduction Fund auction. This included monitoring the integrity of the auction process, including the application of the variable volume threshold and assessment of bids.

Deloitte has provided an interim report which found that the “process was fair and transparent, decisions were made with accountability, and that confidential information associated with the auction was treated appropriately.”​​​​​​​​​

Resources for April 2016 auction

This page provides access to documents related to the third auction.

These documents are for use with the April 2016 auction only.

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Documents on this page Documents on this page

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