PENNVEST Nutrient Credit Trading 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.

IHS Markit is providing enrollment and eligibility, auctions and registry services to PENNVEST to facilitate these auctions.

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.

Auction Schedule

Auction Application Enrollment Cut-Off DateAuction Date - Type
15 Feb 201715 March 2017 Forward Auction
3 May 20177 June 2017 Forward Auction
2 Aug 20176 September 2017 Forward Auction
11 Oct 20171 November 2017 Spot Auction

The following schedule relates to the Pennvest Nutrient Credit Trading Program Forward Auction scheduled for September 6, 2017:

12 Jul 17

Training Session 1 - Enrollment and Eligibility

Email

12 Jul 17

IHS Markit systems open for applicants to register and submit enrollment applications

19 Jul 17

Training Session 2 - Enrollment and Eligibility

Email

2 Aug 17

Deadline for registration forms/enrollment applications

23 Aug 17

PENNVEST informs potential auction participants on their eligibility to participate in the auction

23 Aug 17

Training Session 3 – Bids, Offers and viewing results

Email

30 Aug 17

Training Session 4 – Bids, Offers and viewing results

Email

5 Sep 17

Collateral and executed nutrient credit sales agreements and nutrient credit purchase agreements due to PENNVEST. Eligible Participants Deliver (3) originally executed signature pages for Sales/Purchase Agreements to PENNVEST

6 Sep 17

Auction Open - First Round 9:00am - 11:00am

6 Sep 17

First Round results are posted by 1:00pm

6 Sep 17

Auction Open - Second Round 2:00pm - 3:00pm

6 Sep 17

Second Round results are posted by 5:00pm

Rules, Fees and Registration

Auction Rules
Download PENNVEST’s Nutrient Credit Clearinghouse Rulebook

Auction Fees
Buyers and sellers will be charged a nominal fee of 2.5 cents per credit as a means of offsetting the administrative costs it incurs in conducting these auctions.

Register to Participate
Register to participate in the Pennvest Nutrient Credit Trading Auction

More Information

Previous training webinars

Download the information presented in the Enrollment and Eligibility training session webinar
Download the information presented in the Auction Participation training session webinar
Download the information presented in the Spot Auction Participation training session webinar

For more information about the PENNVEST Nutrient Credit Trading auctions, please contact:

PENNVEST: 
Robert H. Boos, 717-783-4493
IHS Markit, 917-441-6658

If you are having difficulty accessing or navigating this site due to a disability, please contact the IHS Markit environmental team at:
Email: Environmental Auctions or
Telephone: +1 917 441 6668

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