Proposed EPA Rule Leads to Quadrupling Group 3 Ozone Season CSAPR NOx Prices | Emissions Watch Blog
The EPA issued a proposed rule in February 2022 that, if finalized, will implement significant programmatic changes, and establish lower emissions limits to the existing Group 3 Ozone Season Cross-State Air Pollution Rule (CSAPR) beginning in the 2023 ozone season. Following the issuance of this proposed rule, Group 3 CSAPR NOx allowance prices have quadrupled from approximately $6,500/ton in February to $28,500/ton (June 6).
The table below highlights the most significant proposed changes to the rule, many of which are driving this recent increase in allowance prices.
Table 1: Current Group 3 Ozone Season CSAPR Rule vs. Proposed Rule
Click the image to download a PDF version.
Learn About Emissions Watch
The Emissions WatchTM quarterly publication contains ESAI Power’s outlooks and views on the emissions markets. ESAI provides regular updates and analysis on developments in the SO2, NOx and CO2 emissions markets as well as price forecasts for state and regional markets. In addition, regular updates are provided on the RGGI program as well as other state-specific emissions programs.
Learn About Energy Watch Quarterly
Energy Watch QuarterlyTM provides a quarterly analysis of market and policy issues affecting energy pricing dynamics over the next 10-year period for both the power and natural gas sectors. This analysis includes forecasts of pool-wide and zonal energy prices in New England, New York, and PJM, including forecasts of fuel inputs. Supporting assumptions are provided in each quarterly report.