The Clean Energy Regulator has released new auction guidelines for the Emissions Reduction Fund auction on 4-5 November 2015.
The auction guidelines outline information about how the auction will be conducted. The auction will continue as a pay as bid, sealed bid format, and include a new variable volume threshold to determine successful auction bids. The threshold allows the Clean Energy Regulator to purchase between 50 and 100 per cent of the volume of abatement offered at auction below the benchmark price.
Bidding will be conducted in a single round through AusTender. More information about how to use AusTender is available on the website.
We have also released an updated code of common terms which forms the basis of carbon abatement contracts, which all participants will need to accept to be eligible to participate in this auction. Additional information about carbon abatement contracts is now available.
Auction qualification and registration forms will be available in the client portal shortly.
If you wish to participate in the November auction but have not yet registered your project, your completed project application must be received in full by the Clean Energy Regulator by 18 September 2015. To register your project you will need to complete a project application in the client portal.