This page provides the guidance material and forms you need to qualify for auction participation and register your project to participate in an auction. It also provides a copy of the standard terms of the Carbon Abatement Contract you will enter into if successful at an auction, as well as supporting material for the contract.
The Clean Energy Regulator will hold the ninth Emissions Reduction Fund auction on Wednesday 24 and Thursday 25 July 2019.
documentasset:Guidelines for the ERF auction provides information about how it will be conducted.
For key dates for the upcoming auction see
Participating in an auction.
This form must be used to apply to qualify to participate in an Emissions Reduction Fund auction for the project(s) specified in your application.
Through this form you will also be making an offer to the Clean Energy Regulator to enter into a Carbon Abatement Contract on behalf of the Commonwealth of Australia relating to the project(s), and providing the
commercial terms of that offer.
You can apply online using the
Clean Energy Regulator Client Portal.
This form must be used to apply to register to participate in an Emissions Reduction Fund auction for the project(s) covered by your application.
Through this form you will also provide the
delivery terms of your offer for the project(s) to the Clean Energy Regulator.
We have developed two information sheets to help you with planning your delivery schedule and reporting, crediting and permanence periods.
We have also developed a
Contract delivery schedule calculator to help you submit your projects on time.
This form can be used to appoint an authorised bidder in addition to the authorised bidder(s) appointed by you when you completed the auction qualification form. You can also use this form to remove any appointed authorised bidder.
An authorised bidder appointed for a participant and a project has authority to:
Bidding in an auction for a project(s) is the third stage in establishing your Carbon Abatement Contract. If you wish to bid, you must provide the
financial terms of your offer for the project to the Clean Energy Regulator using the auction bid form.
The Clean Energy Regulator will email all authorised bidders an Approach to Market identifier (ATM-ID) and passcode. This ATM-ID and passcode will be required by you to locate and access the auction’s restricted Approach to Market (ATM) in AusTender during the bidding window for the auction. The email will contain the attached and partially pre-populated auction bid form, which will contain:
The ONLY requirement will be to enter the unit price in numbers to complete the auction bid form.
Bidding process once the Auction Qualification and Auction Registration forms have been successfully approved:
Auction guidelines have been produced to help you understand the auction process. We will conduct auctions in accordance with these guidelines.
We have developed standard terms for a Carbon Abatement Contract that successful bidders will enter into. These are known as the
code of common terms.
Pro-forma novation and tripartite deeds have been prepared for parties considering novation of the Carbon Abatement Contracts (CAC), or a tripartite agreement.
These are the preferred documents for any novation or tripartite agreements, and sellers are required to contact the Clean Energy Regulator prior to execution of these documents.
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