The Clean Energy Regulator has just announced the date of the fifth (and maybe final) ERF auction – Wednesday 5 April 2017 and Thursday 6 April 2017.
Of the original $2.55B fund, around $400M remains and this could possibly be the last auction (depending on price and volume bid). The Turnbull Government is still yet to commit to any further funding of the ERF at this point in time.
The key dates for the auction are below. Entering into the scheme is a complex and time-consuming process, so if you have a carbon saving project in-mind, time to get busy! Feel free to contact us if you have a project in mind and/or would like further information regarding the ERF.
Timeline for the fifth auction
| Activity | Timeframe | Date |
| Project registration application deadline | 30 business days before the auction | 21 February 2017 (midnight AEDT) |
| Auction qualification application deadline | 20 business days before the auction | 7 March 2017 (midnight AEDT) |
| Auction registration application deadline | Five business days before the auction | 29 March 2017 (midnight AEDT) |
| Closing time for declaration of eligible projects | Five business days before the auction | 29 March 2017 (5pm AEDT) |
| Auction window | 9am 5 April 2017 to 5pm 6 April 2017 (AEST) | |
| Results released, authorised bidder notified and average price per tonne of abatement published | Within five business days after auction close | 13 April 2017) |