Skip Ribbon Commands
Skip to main content

Participating in an auction

07 February 2020

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.


There are two types of contracting options available under the Emissions Reductions Fund. The standard Fixed Delivery contract and the Option to Deliver contract.

Before deciding whether to participate in an Emissions Reduction Fund auction, you should read and understand the auction guidelines for both forms of contract:

You should also familiarise yourself and understand the Documentasset: Code of Common Terms – version 3 and the Documentasset: Option to Deliver – Code of Common Terms for the two carbon abatement contract types.

You may wish to seek legal or other advice to determine whether you wish to participate in an auction and which contract type best suits your needs. It is important to do this in advance of the auction as you will automatically enter into a carbon abatement contract with the Clean Energy Regulator on behalf of the Commonwealth of Australia if you supply a bid and it is accepted.

Once you have decided to participate in an auction there are four key steps:

​Tenth Emissions Reduction Fund auction​

The Clean Energy Regulator will hold the tenth Emissions Reduction Fund auction on Wednesday 25 and Thursday 26 March 2020.

The the Documentasset::Guidelines for the tenth Emissions Reduction Fund auction, and the Documentasset: Auction Guidelines: Option to Deliver contracts provide information on how it will be conducted.

Timeline for the tenth auction

Key eventsTimelineDate
Project registration application deadline30 business days before the auctionMonday 10 February 2020 (midnight AEDT)
Auction qualification application deadline*
25 business days before the auctionMonday 17 February 2020 (midnight AEDT)
Auction registration application deadlineFive business days before the auctionTuesday 17 March 2020 (midnight AEDT)
Closing time for declaration of eligible projectsFive business days before the auctionTuesday 17 March 2020 (midnight AEDT)
Auction windowWednesday 25 March 2020 (9am AEDT)
Thursday 26 March 2020 (5pm AEDT)
Results released, authorised bidder notified and average price per tonne of abatement publishedBy the end of five business days after auction closeThursday 2 April 2020

*New applicants to the scheme who are party to a trust or company may be subject to third party assessment and should submit their auction qualification prior to the deadline to maximise the time available if further information is required.

Documents on this page Documents on this page

Was this page useful?

LEAVE FEEDBACK
 
 
preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only