- (a) The department shall direct the regional organization to engage a professional independent auction monitor, such as a certified public accounting firm or similar entity, to observe and report on the conduct and outcome of each auction.
(b) The auction monitor shall:
- (1) Monitor each CO2 allowance auction;
- (2) Monitor allowance market data and information, including allowance transactions and associated pricing reported in the CO2 allowance tracking system and other relevant data and information; and
- (3) Develop and apply data collection methods, metrics, and analytic techniques, and thresholds for identifying any bidding behavior or activity that might have a significant impact on the efficiency and performance of such auctions, including, but not limited to, collusion, market power, or price manipulation.
Source. #9284, INTERIM, eff 10-1-08, EXPIRED: 3-30-09 New. #9445, eff 4-3-09; ss by #10470, eff 1-1-14; ss by #13974, eff 5-23-24