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Auction April 2017

28 August 2017

​The fifth Emissions Reduction Fund auction was held on Wednesday 5 and Thursday 6 April 2017.

At the fifth auction:

  • the Clean Energy Regulator committed to purchase 11.25 million tonnes of abatement on behalf of the Commonwealth
  • purchasing resulted in an average price per tonne of abatement is $11.82
  • 31 contracts were awarded for 38 projects
  • the value of all contracts awarded $133 million, and
  • the largest single contract was for 4 million tonnes of abatement and the smallest for 10 000 tonnes of abatement.

See more information about contracts awarded at auction in the carbon abatement contract table.

Summary of fifth auction results

 

Download the documentasset:Fifth Auction April 2017 results for a summary of auction results.

Cumulative results from all five auctions

 

Download the documentasset:Cumulative auction results April 2017 for an overview of the combined results for auctions 1-5.

Breakdown of activity by method

Download the documentasset:Fifth auction April 2017 - breakdown of activity by method for a summary of auction results.

Probity assessment of the fifth Emission Reduction Fund auction

The Clean Energy Regulator engaged Deloitte Touche Tohmatsu (Deloitte) to assess and report on the probity of the fifth 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 2017 auction

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

These documents are for use with the April 2017 auction only.

Documents on this page Documents on this page

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