Cap and Trade Auction Results Are In!

Every allowance that was offered in the auction was sold at a settlement price of $14.00 per allowance.   The highest bid price was $50.01 with the mean bid price $16.67 and the median bid price $13.49.  In total, the 2013 allowances sold at auction garnered $203,308,672. Of the 9,560,000 allowances offered in the advance auction for 2016 vintage allowances, 7,515,000 were sold at a settlement price of $10.71 (equivalent to the auction reserve price).