(a) A notice of CO₂ allowance auction (“notice”) shall be published on the CO₂ allowance auction website and the Environmental Notice Bulletin (ENB) no later than 45 days prior to the date upon which each auction may be conducted. Such notices may be transmitted electronically to parties requesting such notification provided they have submitted an electronic-mail address to the authority contact person.

(b) Each notice will provide a specific description of all auction participation requirements, and shall include but not be limited to information including the date, time and location of the CO₂ allowance auction, the categories of bidders who will be eligible to bid, the quantity of CO₂ allowances to be auctioned (by allocation year), the auction format, amount and type of security required, any participation limitations, information regarding settling and clearing of allowance payments, instructions as to qualification applications, the terms and conditions that will govern auction transactions, other pertinent rules of the auction, and identification of an authority contact person for further information.