Multi-state Auction Option
Effective Dec 28, 2018Mass. Register #1381MGL c. 21A, § 22 MGL c. 25A, § 6Massachusetts Department of Energy Resources
(1) DOER shall participate in a multi-state CO allowance auction or auctions in coordination 2 with other RGGI Participating States, if it determines that:
- (a) a multi-state auction capability and process is in place for the Participating States;
- (b) the multi-state auction can provide benefits to the Commonwealth that meet or exceed the benefits conferred on the Commonwealth through its own state-run auction process; and
- (c) the multi-state auction process would be consistent with the process described in 225 CMR 13.00.
- (2) Upon making such determination, DOER shall designate an agent, pursuant to 225 CMR 13.06(1), to administer the multi-state auction in a manner consistent with the auction rules and procedures set forth in 225 CMR 13.00.
- (3) Such determination to participate in the multi-state auction shall be published no later than 45 days prior to such multi-state auction on the CO Allowance Auction Website. 2
- (4) DOER shall retain control over the proceeds associated with the sale of all of Massachusetts CO allowances sold in a multi-state CO allowance auction, and will administer the proceeds 2 2 in accordance with 225 CMR 13.06(9). DOER shall retain its authority to enforce compliance with all sections of 225 CMR 13.00.