Before deciding whether to participate in an Emissions Reduction Fund auction, you should read and understand the
documentasset::Guidelines for the ninth auction, and the
documentasset::Code of Common Terms in 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:
Ninth Emissions Reduction Fund auction
The Clean Energy Regulator held the ninth Emissions Reduction Fund auction on Wednesday 24 and Thursday 25 July 2019.
The
documentasset::Guidelines for the ninth auction provides information on how it was conducted.
Timeline for the ninth auction
| Key events | Timeline | Date |
|---|
|
Project registration application deadline | 30 business days before the auction | 11 June 2019 (midnight AEST) |
|
Auction qualification application deadline | 25 business days before the auction | 18 June 2019 (midnight AEST) |
|
Auction registration application deadline | Five business days before the auction | 16 July 2019 (midnight AEST) |
| Closing time for declaration of eligible projects | Five business days before the auction | 16 July 2019 (midnight AEST) |
| Auction window | | 24 July 2019 (9am AEST) to
25 July 2019 (5pm AEST) |
| Results released, authorised bidder notified and average price per tonne of abatement published | By the end of five business days after auction close | 1 August 2019 |