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Participating in an auction

15 March 2018

Before deciding whether to participate in an Emissions Reduction Fund auction, you should read and understand the auction guidelines, and the documentasset::Code of Common Terms in the carbon abatement contract. You may wish to seek legal or other advice to determine whether you wish to participate. 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 your bid is accepted.

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

Seventh Emissions Reduction Fund auction

The Clean Energy Regulator will hold the seventh Emissions Reduction Fund auction on Wednesday 6 and Thursday 7 June 2018.

The documentasset::Guidelines for the seventh auction provides information about how it will be conducted.

Timeline for the seventh auction

Key eventsTimelineDate
Project registration application deadline30 business days before the auction20 April 2018 (midnight AEST)
Auction qualification application deadline20 business days before the auction7 May 2018 (midnight AEST)
Auction registration application deadlineFive business days before the auction29 May 2018 (midnight AEST)
Closing time for declaration of eligible projectsFive business days before the auction29 May 2018 (midnight AEST)
Auction window6 June 2018 (9am AEST) to
7 June 2018 (5pm AEST)
Results released, authorised bidder notified and average price per tonne of abatement publishedBy the end of five business days after auction close15 June 2018

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