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
14 Feb 2018March 14, 2018 Forward
2 May 2018June 6, 2018 Forward
1 Aug 2018September 5, 2018 Forward
10 Oct 2018October 31, 2018 Spot

The following schedule relates to the Pennvest Nutrient Credit Trading Program Forward Auction scheduled for March 14, 2018:

24 Jan 18

Training Session 1 - Enrollment and Eligibility

24 Jan 18

Markit systems open for applicants to register and submit enrollment applications

31 Jan 18

Training Session 2 - Enrollment and Eligibility

14 Feb 18

Deadline for registration forms/enrollment applications

28 Feb 18

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

28 Feb 18

Training Session 3 – Bids, Offers and viewing results

7 Mar 18

Training Session 4 – Bids, Offers and viewing results

12 Mar 18

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

14 Mar 18

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

14 Mar 18

First Round results are posted by 1:00pm

14 Mar 18

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

14 Mar 18

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

Related Products

Explore

Filter Sort