- (a) In administering auctions, the regional organization shall publish or otherwise announce the auction’s minimum reserve price and the CCR trigger price prior to each auction.
- (b) No allowances shall be sold at any auction for a price below the minimum reserve price for that auction or, if applicable, the CCR trigger price.
- (c) At an auction in which CO2 CCR allowances are not made available for sale, the reserve price shall be the minimum reserve price.
- (d) At an auction in which CO2 CCR allowances are made available for sale, the reserve price shall be the CCR trigger price.
Source. #9284, INTERIM, eff 10-1-08, EXPIRED: 3-30-09 New. #9445, eff 4-3-09; ss by #10470, eff 1-1-14 (from Env-A 4803.07); ss by #13974, eff 5-23-24