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Clean Air Markets

2014 SO2 Allowance Auction

The 2014 SO2 Allowance Auction took place on March 25, 2014. Allowances were auctioned that could first be used in 2014 as well as in 2021. Details are provided via the links below.

Allowances Available for Auction
Origin of Allowances Spot Auction
(First Usable in 2014)
7-Year Advance Auction
(First Usable in 2021)
EPA 125,000 125,000
Privately Offered 0 0
Total 125,000 125,000
Spot Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 630,621 Successful: 18 Successful: 7 Highest: $5.00
Sold: 125,000 Unsuccessful: 11 Unsuccessful: 2 Clearing: $0.35
(the clearing price is the lowest price at which a successful bid was made)
  Total: 29 Total: 9 Lowest: $0.05
      Weighted Average of Winning Bids: $0.45
7-Year Advance Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 462,000 Successful: 2 Successful: 2 Highest: $0.05
Sold: 125,000 Unsuccessful: 4 Unsuccessful: 2 Clearing: $0.04
(the clearing price is the lowest price at which a successful bid was made)
  Total: 6 Total: 4 Lowest: $0.01
      Weighted Average of Winning Bids: $0.04
Spot Auction Winners
Bidder's Name Quantity Percentage of Total Allowances Amount Paid
Power Gen 60,000 48.000 $24,800.00
KS&T, LP 44,649 35.719 $23,002.15
Element Markets LLC 10,000 8.000 $4,000.00
Cavalier Emissions LLC 10,000 8.000 $4,000.00
Rathdrum Power 71 0.057 $355.00
Warren Wilson College Ecological Economics Class 230 0.184 $130.00
Bates College Environmental Econ 50 0.040 $50.00
TOTALS 125,000 100% $56,337.15
7-Year Advance Auction Winners
Bidder's Name Quantity Percentage of Total Allowances Amount Paid
Uno Mas 93,000 74.400 $3,720.00
Cavalier Emissions LLC 32,000 25.600 $1,600.00
TOTALS 125,000 100% $5,320.00

Total Auction Proceeds: $61,657.15

Spot Bids (First Usable in 2014)
Bids Bidder's Name Quantity Total
$5.00 Rathdrum Power 71 71
$1.00 Bates College Environmental Econ 50 121
$1.00 Warren Wilson College Ecological Economics Class 30 151
$0.75 KS&T, LP 2,500 2,651
$0.70 KS&T, LP 2,500 5,151
$0.65 KS&T, LP 5,000 10,151
$0.60 KS&T, LP 5,000 15,151
$0.55 KS&T, LP 5,000 20,151
$0.50 Warren Wilson College Ecological Economics Class 200 20,351
$0.50 KS&T, LP 5,000 25,351
$0.45 KS&T, LP 5,000 30,351
$0.43 Power Gen 20,000 50,351
$0.42 Power Gen 20,000 70,351
$0.40 Element Markets LLC 10,000 80,351
$0.40 KS&T, LP 10,000 90,351
$0.40 Cavalier Emissions LLC 10,000 100,351
$0.39 Power Gen 20,000 120,351
$0.35 KS&T, LP* 15,000 135,351

Bids below this line were unsuccessful because they were below the clearing price of $0.35.
 
$0.30 Element Markets LLC 25,000 160,351
$0.30 KS&T, LP 20,000 180,351
$0.28 Uno Mas 125,000 305,351
$0.26 Power Gen 32,500 337,851
$0.25 KS&T, LP 25,000 362,851
$0.22 Element Markets LLC 40,000 402,851
$0.20 Warren Wilson College Ecological Economics Class 270 403,121
$0.19 Element Markets LLC 50,000 453,121
$0.19 Power Gen 32,500 485,621
$0.10 LUME 125,000 610,621
$0.05 Cavalier Emissions LLC 20,000 630,621

*Awarded a partial fill of 4,649 out of 15,000 allowances bid for.

7-Year Advance Bids (First Usable in 2021)
Bids Bidder's Name Quantity Total
$0.05 Cavalier Emissions LLC 32,000 32,000
$0.04 Uno Mas* 125,000 157,000

Bids below this line were unsuccessful because they were below the clearing price of $0.04.
 
$0.02 Power Gen 62,500 219,500
$0.01 LUME 125,000 344,500
$0.01 Power Gen 62,500 407,000
$0.01 Cavalier Emissions LLC 55,000 462,000

*Awarded a partial fill of 93,000 out of 125,000 allowances bid for.

The 2014 Auction Proceeds Spreadsheet (XLSX)(5 pp, 30 K)  provides the same results. Download an Excel viewer. Exit

Return to the directory of annual auctions listed by year »

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