At the auction, 25 new optional delivery ERF contracts, nominally valued at $131 million, were awarded and over 76 per cent of the volume offered at auction was accepted.
“We expect very few ACCUs under optional contracts to be delivered to the Commonwealth with most being sold to private buyers at higher prices available in the private voluntary market.
For the first time, at Auction 14, long-term, ‘fixed’ delivery contracts for the purchase of ACCUs under the ERF were not offered.