trending Market Intelligence /marketintelligence/en/news-insights/trending/gS5i1IofJsr7tgp_h0F8pA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Northeast carbon market prices shift higher after auction

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Northeast carbon market prices shift higher after auction

Secondary market prices for Regional Greenhouse Gas Initiative carbon dioxide allowances shifted higher following the program's latest quarterly auction.

According to broker data as of the week ended March 19, the March 2019 vintage 2019 RGGI contract was quoted in a bid-and-offer range of $5.37/ton to $5.48/ton, rising 24 cents from assessments made earlier in the month. The benchmark December 2019 vintage 2019 contract was eyed in a bid-and-ask spread of $5.56/ton to $5.65/ton, gaining 22 cents from early March.

SNL Image

In RGGI's first auction of the year, 100% of the more than 12.8 million allowances on offer sold at a clearing price of $5.27/ton, down 8 cents from the previous sale in December 2018.

There were 43 bidders in the RGGI auction, with the ratio of bids coming in at three times the total amount of allowances. RGGI said 74% of the allowances sold in the March auction were bought by compliance entities or their affiliates. Compliance-oriented entities purchased 51% of the auction allowances.

RGGI is made up of Connecticut, Delaware, Maine, Massachusetts, Maryland, New Hampshire, New York, Rhode Island and Vermont. The participating states use a market-based cap-and-trade program to reduce greenhouse gas emissions from regional power plants, selling nearly all emissions allowances through auctions and investing proceeds in energy efficiency projects.

SNL Image