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Participating in an auction

15 November 2019

Before deciding whether to participate in an Emissions Reduction Fund auction, you should read and understand the Documentasset::Guidelines for the tenth Emissions Reduction Fund auction, and the documentasset::Code of Common Termsin the carbon abatement contract. You may wish to seek legal or other advice to determine whether you wish to participate. It is important to do this in advance of the auction as you will automatically enter into a carbon abatement contract with the Clean Energy Regulator on behalf of the Commonwealth of Australia if your bid is accepted.

Once you have decided to participate in an auction there are four key steps:

​Tenth Emissions Reduction Fund auction​

The Clean Energy Regulator will hold the tenth Emissions Reduction Fund auction on Wednesday 25 and Thursday 26 March 2020.

The the Documentasset::Guidelines for the tenth Emissions Reduction Fund auction provides information on how it was conducted.

Timeline for the tenth auction

Key eventsTimelineDate
Project registration application deadline30 business days before the auctionMonday 10 February 2020 (midnight AEDT)
Auction qualification application deadline*
25 business days before the auctionMonday 17 February 2020 (midnight AEDT)
Auction registration application deadlineFive business days before the auctionTuesday 17 March 2020 (midnight AEDT)
Closing time for declaration of eligible projectsFive business days before the auctionTuesday 17 March 2020 (midnight AEDT)
Auction windowWednesday 25 March 2020 (9am AEDT)
Thursday 26 March 2020 (5pm AEDT)
Results released, authorised bidder notified and average price per tonne of abatement publishedBy the end of five business days after auction closeThursday 2 April 2020

*New applicants to the scheme who are party to a trust or company may be subject to third party assessment and should submit their auction qualification prior to the deadline to maximise the time available if further information is required.

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