NYSERDA board approves RGGI rule changes: two‑tier CCR added, ECR removed; changes effective Jan. 1, 2027
Chief Policy Officer John Williams explained adopted revisions to Part 507 of Title 21 implementing RGGI program updates: a new two‑tier cost containment reserve, elimination of the emissions containment reserve and reestablishment of a minimum reserve price; adopted changes will be effective Jan. 1, 2027 after publication.
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John Williams, NYSERDA’s Chief Policy Officer, presented proposed amendments to Part 507 of Title 21 implementing changes to the CO2 allowance auction program consistent with the Regional Greenhouse Gas Initiative’s third program review. He summarized three core changes: creation of a two‑tier cost containment reserve (CCR) that would make additional allowances available in high‑demand auctions; removal of the emissions containment reserve (ECR); and reestablishing a minimum reserve price by supplanting the prior ECR trajectory.
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