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Bidding starts for 11th Emissions Reduction Fund auction

09 September 2020

The bidding window for the 11th Emissions Reduction Fund auction has officially opened!

The auction will run over two days with the hammer falling at 5.00 pm tomorrow, Thursday 10 September 2020 (AEST).

Strong interest in the Emissions Reduction Fund continues with 84 new projects registered this year, of which 35 projects were registered in the last 3 weeks! The Quarterly Carbon Market Report - June quarter released on 3 September 2020 also found that supply of Australian carbon credit units (ACCUs) from new and existing projects continues to grow and is expected to reach 16 million in 2020.

As always, you will need to bid competitively in order to maximise your chance of securing a contract.

All bids will be assessed in accordance with the carbon abatement purchasing principles, including the ability to contribute to least-cost abatement.

Important information for auction bidders

To be eligible for the auction, applicants placing bids from the same project for both an optional delivery contract and a fixed delivery contract must ensure that the price bid for the Optional Delivery contract is less than the price bid for the Fixed Delivery contract.

All bids must be lodged through AusTender using the ID and passcode provided to registered participants. It is important to note that all auction participants have confidentiality obligations relating to their bid and bidding strategies. These are outlined in the auction guidelines.

For technical assistance (such as help accessing AusTender or with issues resetting your password) registered bidders can contact the AusTender help desk by phone on 1300 651 698 or by email at tenders@finance.gov.au between 9.00 am and 5.00 pm AEST.

Other auction related issues, such as how to complete the provided forms, should be directed to the Clean Energy Regulator contact centre on 1300 553 542.



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