N.J. Admin. Code § 7:27C-5.4

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:27C-5.4 - Distribution of COallowances in the consumer benefit account

(a) The Department will make all CO[2] allowances for an allocation year that are held in the consumer benefit account for that allocation year available for purchase or auction by NO[x] later than the December 31 of the calendar year that corresponds to that allocation year.

(b) Except for those CO[2] allowances available to adjust the compliance obligation of a cogeneration unit pursuant to N.J.A.C. 7:27C-5.3 or for direct sale pursuant to N.J.A.C. 7:27C-5.5 to a CO[2] authorized account representative for a certified dispatch agreement facility, the Department will make all CO[2] allowances for a respective allocation year that are held in the consumer benefit account available for sale through an auction administered by the Department or on its behalf, pursuant to N.J.A.C. 7:27C-11.

(c) The Department may retire undistributed or unsold CO[2] allowances at the end of each control period, including the initial control period, including allowances representing adjustments to the compliance obligations of cogeneration facilities as provided at N.J.A.C. 7:27C-5.3.

N.J. Admin. Code § 7:27C-5.4

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