Industry Awaits ERF Auction Results

Clean Energy Regulator Chloe Munro ERF auction
The two-day bidding window for the second Emissions Reduction Fund (ERF) auction has now closed, with results due out on 12 November.

The ERF auction second round officially closed at 5.00pm AEDT on Thursday 5 November.

Speaking as bidding was opened, Chair of the Clean Energy Regulator Chloe Munro said: “We have received a lot of interest in the second auction, with a large number of registrations to participate. We expect the auction to be very competitive,” said

“We can see strong involvement emerging across many sectors. Each auction is unique and so we expect to see many new participants in this auction as well as experienced bidders from the first auction in April,” she added.

The auction process saw bids lodged through the established AusTender system. As per the first round, it followed a pay-as-bid, sealed-bid auction format and honours the purchasing principles outlined in the Carbon Credits (Carbon Farming Initiative) Act 2011.

The regulator will purchase between 50 and 100 per cent of the volume of emissions reductions offered at each auction at prices below the benchmark price.

Auction results will be published on the Clean Energy Regulator website on Thursday 12 November.

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