It's been a long, hot day.
In any case I've stumbled across this press release from a trading company called evomarkets.com.
It's about UNH and a power auction.
Evolution to Host NE REC Auction for University of New Hampshire.
I'd like to ask questions like: What kind of authority does UNH have to auction RECs and where does the money go from the successful bidders? Did the NH Legislature authorize this? If so, what was the number on the legislation and when was it passed into law? If you notice Vermont isn't a part of this...why? Has New Hampshire even passed the Renewable Portfolio Standard (RPS)? What exactly is a "vintage 2011 and 2012 Renewable Energy Certificates."? Somehow I don't see energy policy being like a fine wine. But then again this is a post Enron world.
It's been a long day. I hope the answers to these questions weren't decided by committee.
UNH will offer 25,000 New England-eligible RECs in July 14th auction. Sale will feature RECs eligible in MA, CT, NH, and ME.
On behalf of the University of New Hampshire, Evolution Markets will host an auction of vintage 2011 and 2012 renewable energy certificates (RECs) eligible for compliance under the renewable portfolio standards of Massachusetts, Connecticut, New Hampshire, and Maine.
The auction, which will take place between 10:00 am EPT and 12:00 pm EPT on July 14, 2011, will be conducted on Evolution Markets' online auction platform, EvoAuctionSM.