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Auction format

20 December 2019

Pilot: Option to Deliver contracts for Emissions Reduction Fund auctions

An Option to Deliver contract will be offered on a pilot basis for the tenth Emissions Reduction Fund auction on 25 and 26 March 2020. This option gives sellers the right, but not the obligation, to sell Australian carbon credit units to the Australian Government at a set price within a set timeframe.

Documentasset: New auction guidelines are now available for those interested in bidding for an Option to Deliver contract at auction. A new auction qualification form and an associated Code of Common Terms for this contract option will be made available shortly.

The existing Documentasset: Code of Common Terms – version 3 and Documentasset: auction guidelines remain in force for fixed delivery contracts.

For more information, see participating in an auction.


The auction format used by the Clean Energy Regulator is a reverse auction. A reverse auction is a type of tendering process used to obtain the best price by encouraging competition among bidders.

In a reverse auction, each participant puts forward a single, confidential bid during the auction window. The lowest priced bids have the best chance of being successful at auction, and represent the best value for money for the government. If your bid is successful, you will automatically enter into a carbon abatement contract with the Clean Energy Regulator.

An independent probity advisor oversees Emissions Reduction Fund auctions, to assess business processes, separation of roles and responsibilities, and confidentiality of information such as auction bids and abatement volumes.

Bidding platform

Bids must be submitted through AusTender—an online bidding platform approved by the Clean Energy Regulator.

Auction guidelines

The Clean Energy Regulator conducts auctions in accordance with auction guidelines, released before each auction.

The guidelines provide information about how the auction will be conducted, including information on auction timelines, eligibility, bidding, suspension and cancellation, participant disqualification and published information.


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