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

March 18, 2015 Nutrient Credit Forward Auction Cancelled
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 Results
November 2, 2011 Nutrient Credit Spot Auction 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
February 11, 2015March 18, 2015 - Forward Auction
May 6, 2015June 10, 2015 - Forward Auction
August 5, 2015September 9, 2015 - Forward Auction
October 14, 2015November 4, 2015 - Spot Auction
The following schedule relates to the Pennvest Nutrient Credit Trading Program Forward auction scheduled for June 10, 2015:
15 Apr 2015Training Session 1 - Enrollment and Eligibility. Email environmental.auctions@markit.com
15 Apr 2015Markit systems open for applicants to register and submit enrollment applications
22 Apr 2015Training Session 2 - Enrollment and Eligibility. Email environmental.auctions@markit.com
6 May 2015Deadline for registration forms/enrollment applications
27 May 2015PENNVEST informs potential auction participants on their eligibility to participate in the auction
27 May 2015Training Session 3 - Bids & Offers & viewing results. Email environmental.auctions@markit.com
3 Jun 2015Training Session 4 - Bids & Offers & viewing results. Email environmental.auctions@markit.com
8 Jun 2015Collateral 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
10 Jun 2015Auction Open - First Round 9:00am - 11:00am
10 Jun 2015First Round results are posted by 1:00pm
10 Jun 2015Auction Open - Second Round 2:00pm - 3:00pm
10 Jun 2015Second 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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