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Auction March 2020

03 April 2020
ERF

The tenth Emissions Reduction Fund auction was held on Wednesday 25 and Thursday 26 March 2020.

At the tenth auction:

  • the Clean Energy Regulator committed to purchase 1.7 million tonnes of abatement on behalf of the Commonwealth
  • purchasing resulted in an average price per tonne of abatement of $16.14, which is the weighted average price for each Australian carbon credit unit purchased at this auction:
    • average price per tonne of abatement of $16.11 for optional delivery, and
    • average price per tonne of abatement of $16.32 for fixed delivery.
  • 12 contracts were awarded for 11 projects, with one project securing both an optional and fixed delivery contract, and
  • the value of all contracts awarded was $27.6 million.

See more information about contracts awarded at auction in the carbon abatement contract table.

Summary of tenth auction results

The below infographic includes information about the key figures and results from the tenth auction.

Emissions Reduction Fund tenth auction results infographic 
Tenth Auction 25-26 March 2020 results
Average price per tonne of abatement: $XXXX
Percentage of abatement accepted below benchmark price: XX%
Auction 10 committed $XXX million
XXXX million tonnes
XX contracts awarded
XX projects contracted

Download the documentasset::tenth auction results March 2020

Contract portfolio

The below infographic includes information across all auctions to date, referred to as the contract portfolio. This includes information about paid, committed and remaining funding under the Emissions Reduction Fund, total projects under contract and by state and territory, contracted abatement, number of contracts, average price per tonne of abatement per auction and across all auctions, total contracted abatement by method.

Emissions Reduction Fund tenth auction results infographic 
Emissions Reductio Fund contract portfolio
XXX projects under contract
$XXX million remaining
XXX million tonnes of abatement
XX completed contracts
Average price per tonnes of abatement across all auctions: $xxxx
xxxxx million tonnes of delivered abatement

Download the documentasset::tenth auction contract portfolio infographic 2020.

Scheme performance

The below infographic includes information about the percentage of abatement delivered by auction and across all auctions, total abatement delivered and remaining to be delivered, quantities of abatement delivered by method, and quantity of abatement delivered to date compared to scheduled deliveries.

Emissions Reduction Fund tenth auction Scheme performance infographic 
Emissions Reduction Fund scheme performance
xx% of xx million tonnes
xx% on track against scheduled deliveries
xxx million tonnes of delivered abatement
Table showing delivered abatement seperated by method types.

Download the documentasset::tenth auction scheme performance infographic 2020.

Probity assessment of the tenth Emission Reduction Fund auction

The Clean Energy Regulator engaged Protiviti Pty Ltd to assess and report on the probity of the tenth Emissions Reduction Fund auction.

Resources for March 2020 auction

These documents are for use with the March 2020 auction only.

documentasset::Guidelines for the tenth Emissions Reduction Fund auction
documentasset::Auction Guidelines - Option to Deliver
documentasset::Code of common terms - version 3
documentasset::Option to Deliver - Code of Common Terms

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