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