* Prices fall to record low of $1.88 per ton
* Prices only 2 cents above reserve level
* Low power demand is top factor in price drop
(Adds details, market quote, byline)
WASHINGTON, June 11 (Reuters) – Prices for permits allowing power plants to emit the greenhouse gas carbon dioxide in the U.S. East fell to a record low in a quarterly auction, the regional market said on Friday, reflecting low demand for electricity.
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