Second EPA allowance auction set for today

Journal Article · Mon Mar 28 04:00:00 EST 1994 · Energy Daily; (United States)

OSTI ID:6910808

Lobsenz, G

Utilities will generate substantial surplus sulfur dioxide emissions allowances in Phase 1 of the federal acid rain program, but they generally will bank those excess allowances for their own internal use in Phase 2, according to a recently released study. The Electric Power Research Institute study, suggests that private trading activity may be relatively low in the Environmental Protection Agency second annual allowance auction. Allowance market experts believe that, as in the first auction in March 1993, few of the private allowances on the trading block this year actually will be sold. Only a handful of the private allowances were sold last year because utilities set relatively high floor prices and bidders mostly made low-ball bids. The EPRI study suggests the same pattern may be seen in today's auction despite indications that Phase 1 utilities are building a large surplus of allowances. The reason: Utilities believe allowances will be worth more in Phase 2 for use within their own systems.

• OSTI ID: 6910808
• Journal Information: Energy Daily; (United States), Journal Name: Energy Daily; (United States) Vol. 22:58; ISSN 0364-5274; ISSN ENDADJ
• Country of Publication: United States
• Language: English

Related Subjects

20 FOSSIL-FUELED POWER PLANTS
200500 -- Fossil-Fueled Power Plants-- Environmental Aspects-- (1990-)
29 ENERGY PLANNING, POLICY, AND ECONOMY
296000* -- Energy Planning & Policy-- Electric Power
AIR POLLUTION CONTROL
CHALCOGENIDES
CONTROL
COST
ELECTRIC UTILITIES
NATIONAL ORGANIZATIONS
OPERATING COST
OXIDES
OXYGEN COMPOUNDS
POLLUTION CONTROL
POLLUTION REGULATIONS
PUBLIC UTILITIES
REGULATIONS
SULFUR COMPOUNDS
SULFUR DIOXIDE
SULFUR OXIDES
US EPA
US ORGANIZATIONS