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Clean Air Markets

1998 SO2 Allowance Auction

1998 EPA Allowance Auction Results
Origin of Allowances Spot Auction
(First Usable in 1998)
7-Year Advance Auction
(First Usable in 2005)
EPA 150,000 125,000
Spot Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 767,097 Successful: 21 Successful: 11 Highest: $228.92
Sold: 150,000 Unsuccessful: 88 Unsuccessful: 25 Clearing: $115.01
(the clearing price is the lowest price at which a successful bid was made)
  Total: 109 Total: 36 Lowest: $56.91
      Average (weighted): $116.96
7-Year Advance Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 509,009 Successful: 20 Successful: 3 Highest: $115.01
Sold: 125,000 Unsuccessful: 34 Unsuccessful: 9 Clearing: $108.30
(the clearing price is the lowest price at which a successful bid was made)
  Total: 54 Total: 12 Lowest: $87.00
      Average (weighted): $111.05
Spot Auction Winners
Bidder's Name Quantity Percent of Total
Allowances
Amount Paid
Cantor Fitzgerald 110,000 73.33 $12,943,200.00
Allowance Holdings Corporation 39,978 26.65 $4,597,869.78
Vermont Center 10 0.01 $1,155.00
Drake Environmental Law Society 3 <0.1 $346.53
CUNY Environmental Law Students Association 2 <0.1 $250.00
McGeorge Environmental Law Forum 2 <0.1 $250.00
Michael J. Walsh 1 <0.1 $228.92
Carolina Clean Skies 1 <0.1 $150.00
Maria Damon/ Cornell University 1 <0.1 $131.51
Catholic Univ. Environmental Law Society 1 <0.1 $126.90
University of Wisconsin - Madison 1 <0.1 $120.00
Total 150,000 100 $17,543,828.64
7-Year Advance Auction Winners
Bidder's Name Quantity Percentage of Total
Allowances
Amount Paid
Cantor Fitzgerald 124,995 99.9 $13,880,908.50
Maryland Environmental Law Society 4 <0.1 $446.08
Hatena Environmental Network Japan 1 <0.1 $110.00
Total 125,000 100 $13,881,464.58

Total Auction Proceeds: $31,425,293.22

The 1993-2006 Auction Proceeds Spreadsheet (XLS)(2 pp, 10 MB)  provides auction proceeds at the unit and plant level for each year. Download an Excel viewer. Exit

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