On June 14, 2017, the results from Ontario's second Cap and
Trade Program Auction of Greenhouse Gas Allowances were released. All available current allowances
were sold at the June 6, 2017 auction, along with more than half of
the future allowances available for sale.
The recent auction was the second time that participants in
Ontario's Cap and Trade Program were able to purchase
allowances. As we
reported earlier, the first auction resulted in the sale of all
available 2017 credits, along with almost 1 million 2020 vintage
credits. The prices paid were marginally above the Auction Reserve
Price. The total proceeds from the first auction were around $472
million.
The results from the June 6, 2017 auction were even stronger
than the first auction. In the second auction, all of the 25
million allowances related to the current year (2017) were sold,
along with around 1.7 million 2020 vintage allowances (of the 3
million made available for purchase). The "Auction
