NUTRIENT CREDIT TRADING PROGRAM (NCT)
|Auction Application Enrollment Cut-Off Date
||Auction Date - Type |
|February 14, 2018
||March 14, 2018 - Forward Auction (CANCELLED)|
|May 2, 2018
|| June 6, 2018 - Forward Auction|
|August 1, 2018
|| September 5, 2018 - Forward Auction|
|October 10, 2018
|| October 31, 2018 - Spot Auction|
What Is the NCT Program
The Pennsylvania Infrastructure Investment Authority (PENNVEST), working in conjunction with the Department of Environmental Protection (DEP), is hosting auctions for the sale and purchase of nutrient credits in the Susquehanna and Potomac watersheds. PENNVEST’s Nutrient Credit Trading program provides a cost-effective means for regulated public and private waste water treatment plants and other parties to purchase credits to meet their nitrogen and phosphorus discharge limits for the compliance year. PENNVEST will serve as central counterparty and clearinghouse for auction transactions. Credit buyers and sellers will be contracting with PENNVEST thereby reducing risk for buyers and sellers, which in turn should help create a stable nutrient credit trading market in Pennsylvania.
Enroll in NCT Auctions
Markit, an online auction clearinghouse company, is providing enrollment and eligibility, auctions and registry services for PENNVEST to facilitate these auctions. To enroll and participate in a scheduled auction, go to the PENNVEST Markit Environmental Registry and Auction website.
To read about Auctions Rules and other information about the PENNVEST Nutrient Credit Trading program see NCT Documents. If you have any questions about the auction, please contact Robert Boos at email@example.com or 717-783-4493.