N.J. Admin. Code § 7:27C-11.2

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:27C-11.2 - Auction format

(a) The format of the CO[2] allowance auctions will be one or more of the following: 1. Uniform-price sealed-bid;

2. Discriminatory-price sealed-bid;

3. Ascending price, multiple-round; or

4. Descending price, multiple-round.

(b) CO[2] allowances will be auctioned in lots of 1,000 CO[2] allowances, unless the volume of CO[2] allowances auctioned requires an individual lot size smaller than 1,000.

N.J. Admin. Code § 7:27C-11.2

Adopted by 51 N.J.R. 992(a), effective 6/17/2019