Section 273.150  Price of NSSA and Subpart W Extras

The selling price for allowances from the NSSA pursuant to 35 Ill. Adm. Code 217.768(k)(2) and Subpart W extras will be the average price at which NO_x allowances are traded in the NO_x Interstate Trading Program for the preceding control period as follows:

a)         The Agency will obtain the published market price indices by Cantor Environmental Brokerage and Evolution Markets LLC, or similarly recognized brokerage firms, for the particular allowance vintage as of 15½ months prior to the applicable control period (i.e., January 15 of the year previous to the current control period).

b)         The Agency will calculate the arithmetic mean of the two prices determined pursuant to subsection (a) of this Section, and the resulting number will be the purchase price.  The purchase price shall be published on the Agency's website, along with the market indices used to calculate the purchase price.

c)         If one or both of these services or a similarly recognized brokerage service fails to publish a price for the applicable date, the Agency may use any reasonable indication of market price.