What is e-TOC ?
The e-TOC on-line auctions are an efficient method of selling and buying Renewable Transport Fuel Obligation (RTFO) certificates.

Not only do they offer biofuel producers access to the supplier market in the UK, they deliver high certificate prices for low fees.

We'll take care of the hassle
At NFPAS, we have been running certificate auctions since 2001. Our track record provides evidence of our success, and gives you the assurance that we can sell your certificates with the minimum of hassle, whilst delivering highly competitive returns.

We run the auctions on-line because that is the easiest way to provide access to the widest possible audience all at the same time. Just give us a call to set up an agreement to sell your certificates, and we'll do the rest. Your certificates must be registered for sale at least 24 hours before an auction is due to start.

We make the bidding process as easy as possible for buyers once they have registered - making our on-line auctions a very popular source for purchasing energy-related certificates.

e-TOC AND THE NFPA
e-TOC auctions are operated by NFPAS, a subsidiary of the Non-Fossil Purchasing Agency Limited (NFPA).

NFPAS runs regular e-ROC and e-POWER on-line auctions for the sale of Renewable Obligation Certificates and electricity.

It's simple and secure - How e-TOC works
It is proposed to run e-TOC auctions each month.

• Before each auction NFPAS contacts potential sellers and buyers,
  inviting them to participate in the auction.

• Registered buyers and sellers are given a username and security
  password to gain entry to the auction via the e-TOC website.

• Registered buyers and sellers can view the lots on offer, then on the
  day of the auction, they log on to the e-TOC website and formally make
  bids for individual lots,or groups of lots, on a price per certificate basis.

• The bidding window is 30 minutes.

• The auction commences with disclosed reserve prices on all lots. (some
  of which may be zero).

•  A BUYER may enter a bid for single or multiple lots, and their bid price
  may be lower than the current reserve price.

•  The bid will stand for a period of 30 minutes (the bidding window).

•  All SELLERs and BUYERs can see the bid, but not the identity of
  the BUYER.

•  If the bid price matches or exceeds the reserve price, the lot will be
  awarded in the normal way following bidding activity. (As usual after
  each bid received the bidding window will re-set, to 30 minutes)
  If no match is made, the bid is removed on expiry of the bidding
  window.

•  SELLERS can reduce the reserve prices on any of their lots at any time.
  If the lowered reserve price matches a current bid, the lot will
  be sold at the end of the bidding activity on that lot.

Bidding takes place over a secure internet service. During the auction, all participants are able to see current highest bids, and final bid prices, though all participants are anonymous.