Skip Ribbon Commands
Skip to main content
Sign In

Planning for an auction

16 August 2016
02 March 2015
ERF

Contents

​Important Information

The Clean Energy Regulator will hold the fourth Emissions Reduction Fund auction on Wednesday 16 November and Thursday 17 November 2016.

The documentasset:Guidelines for the fourth ERF auction provide information about how the fourth auction will be conducted.

For key dates for the upcoming auction see Planning for an auction.

Timeline for the fourth auction

Key Events Timeline for the fourth auction Fourth auction dates
Closing time for receipt of project registration applications30 business days before the auctionMidnight 4 October 2016 (AEDT)
Closing time for receipt of auction qualification applications20 business days before the auctionMidnight 19 October 2016 (AEDT)
Closing time for receipt of auction registration applicationsFive business days before the auctionMidnight 9 November 2016 (AEDT)
Auction window Auction platform open for bids9am 16 November 2016 to 5pm 17 November 2016 (AEDT)
Each participant and authorised bidder notified of their resultsBy the end of five business days after auction close24 November 2016

Steps to participate in an auction

To participate in an auction you must complete the following steps:

  • Auction qualification – You must apply to qualify to participate in Emissions Reduction Fund auctions in relation to a registered project/s. This step establishes the commercial terms of the contract that will be entered into if your bid is successful.
  • Auction registration – You must apply to register to participate in an Emissions Reduction Fund auction in relation to the registered project/s specified in your auction qualification application. This step establishes the delivery terms of the contract that will be entered into if your auction bid is successful.
  • Auction bid - If you qualify and register for an auction, you must submit an auction bid through the auction bidding platform. This step establishes the financial terms of the contract that will be entered into if your auction bid is successful.

What you need to do

Well before the auction

Before you participate in an auction:

At least six weeks before an auction – complete project registration

Consider your business model and bidding strategy. Some things to consider include:

No later than twenty business days before auction – complete auction qualification

No later than five business days before auction – complete auction registration

Submit an auction registration application through the Client Portal

  • the total quantity of Australian carbon credit units (ACCUs) to be delivered under the contract
  • the delivery period (that is, the period over which you will deliver the abatement)
  • the dates that ACCUs are to be delivered (your delivery schedule​), and
  • the quantity of ACCUS to be delivered by those dates. 
  • Prepare yourself for the auction by: 


On auction day(s) – submit an auction bid

Note the auction bidding platform and process will be advised to auction participants by email prior to the auction.

The best strategy to succeed at auction is to price your project realistically and to bid the lowest price at which it is worth your while to undertake the project.

Five business days after auction closes

Participants who have made successful bids will be notified of the acceptance of their offers by the Clean Energy Regulator and their contracts will automatically commence. Unsuccessful participants will also be notified.

After all participants have been notified the Clean Energy Regulator will publish auction results which will include:

  • total volume of abatement to be delivered by the successful bidders
  • average price per tonne of abatement, and
  • for each successful bid:
    • name of the contractor
    • project(s) covered by the contract
    • volume of abatement committed under the contract
    • duration of the contract.

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