MARKIT REGISTRY
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.

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.



Previous Auction Results

June 7, 2017 Nutrient Credit Forward Auction Round 2 - Results - Results

June 7, 2017 Nutrient Credit Forward Auction Round 1 - Results - Results

March 15, 2017 Nutrient Credit Forward Auction Round 2 - No Sales

March 15, 2017 Nutrient Credit Forward Auction Round 1 - No Sales

November 2, 2016 Nurtient Credit Spot Auction Round 1 - Results

November 2, 2016 Nurtient Credit Spot Auction Round 2 - No additional sales

September 7, 2016 Nutrient Credit Forward Auction Round 2 - Results

September 7, 2016 Nutrient Credit Forward Auction Round 1 - Results

June 8, 2016 Nutrient Credit Forward Auction Round 2 - No additional sales

June 8, 2016 Nutrient Credit Forward Auction Round 1 - Results

November 4, 2015 Nutrient Credit Spot Auction Round 2 - No additional sales

November 4, 2015 Nutrient Credit Spot Auction Round 1 - Results

September 9, 2015 Nutrient Credit Forward Auction Round 2 - Results

September 9, 2015 Nutrient Credit Forward Auction Round 1 - Results

June 10, 2015 Nutrient Credit Forward Auction - Cancelled - Results

March 18, 2015 Nutrient Credit Forward Auction - Cancelled - Results

November 5, 2014 Nutrient Credit Spot Auction Round 2 - No additional sales

November 5, 2014 Nutrient Credit Spot Auction Round 1 - Results

September 10, 2014 Nutrient Credit Forward Auction Round 2 - Results

September 10, 2014 Nutrient Credit Forward Auction Round 1 - Results

June 11, 2014 Nutrient Credit Forward Auction Round 2 - Results

June 11, 2014 Nutrient Credit Forward Auction Round 1 - Results

March 19, 2014 Nutrient Credit Forward Auction Round 2 - No additional sales

March 19, 2014 Nutrient Credit Forward Auction Round 1 - Results

November 6, 2013 Nutrient Credit Spot Auction Round 2 - No additional sales

November 6, 2013 Nutrient Credit Spot Auction Round 1 - Results

September 11, 2013 Nutrient Credit Forward Auction Round 2 - Results

September 11, 2013 Nutrient Credit Forward Auction Round 1 - Results

June 12, 2013 Nutrient Credit Forward Auction Round 2 - Results

June 12, 2013 Nutrient Credit Forward Auction Round 1 - Results

March 20, 2013 Nutrient Credit Forward Auction Round 2 - Results

March 20, 2013 Nutrient Credit Forward Auction Round 1 - Results

November 09, 2012 Nutrient Credit Spot Auction Round 2 - No additional sales

November 09, 2012 Nutrient Credit Spot Auction Round 1 - Results

September 12, 2012 Nutrient Credit Forward Auction Round 2 - Results

September 12, 2012 Nutrient Credit Forward Auction Round 1 - Results

June 13, 2012 Nutrient Credit Forward Auction - Results

March 21, 2012 Nutrient Credit Forward Auction Round - Results

November 2, 2016 Nurtient Credit Spot Auction Round 2 - No additional sales - Results

November 4 and 5, 2010 Nutrient Credit Forward Auction - Results

October 28 and 29, 2010 Nutrient Credit Forward Auction - Results




Auction Schedule

Auction Application Enrollment Cut-Off DateAuction Date - Type
15 Feb 2017March 15, 2017 Forward Auction
3 May 2017June 7, 2017 Forward Auction
2 Aug 2017September 6, 2017 Forward Auction
11 Oct 2017November 1, 2017 Spot Auction
The following schedule relates to the Pennvest Nutrient Credit Trading Program Forward Auction scheduled for June 7, 2017:
12 Apr 2017Training Session 1 - Enrollment and Eligibility. Email environmental.auctions@markit.com
12 Apr 2017Markit systems open for applicants to register and submit enrollment applications
19 Apr 2017Training Session 2 - Enrollment and Eligibility. Email environmental.auctions@markit.com
3 May 2017Deadline for registration forms/enrollment applications
24 May 2017PENNVEST informs potential auction participants on their eligibility to participate in the auction
24 May 2017Training Session 3 - Bids & Offers & viewing results. Email environmental.auctions@markit.com
31 May 2017Training Session 4 - Bids & Offers & viewing results. Email environmental.auctions@markit.com
5 Jun 2017Collateral 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
7 Jun 2017Auction Open - First Round 9:00am - 11:00am
7 Jun 2017First Round results are posted by 1:00pm
7 Jun 2017Auction Open - Second Round 2:00pm - 3:00pm
7 Jun 2017Second Round results are posted by 5:00pm


Auction Rules

Click here to access 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

Click here to register to participate in the Pennvest Nutrient Credit Trading Auction


Information from previous training webinars

To access the information presented in the Enrollment & Eligibility training session webinar, click here
To access the information presented in the Auction Participation training session webinar, click here
To access the information presented in the Spot Auction Participation training session webinar, click here


More Information

Click here for recent media releases
For more information about the PENNVEST Nutrient Credit Trading auctions, please contact:

PENNVEST: Paul Marchetti, 717-783-4496; pmarchetti@pa.gov
DEP: Interstate Waters Office, (717) 772-4785, kprice@pa.gov
Markit: 917-441-6658, environmental@markit.com


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