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RGGI Auction Proceeds & Investments

Summary of amount of money raised through the RGGI Auctions as part of the multi-state Trading Program.

Massachusetts is one of the lead states participating in the Regional Greenhouse Gas Initiative (RGGI), the nation's first market-based, regulatory program to cap and reduce greenhouse gas emissions from large fossil-fueled power plants. 

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Auction Proceeds

Based on the Green Communities Act of 2008, the Department of Energy Resources (DOER) has directed the vast majority of the Commonwealth’s RGGI proceeds into the state’s nation-leading energy efficiency programs delivered statewide by the state’s utilities and energy efficiency service providers through Mass Save®, and the Green Communities Designation and Grant Program for cities and towns. These programs and initiatives are fueling a cleaner energy future for the Commonwealth.

Massachusetts has received $675,238,495.61 since 2008.

Massachusetts Most Recent RGGI Auction Proceeds

Date Allowances Clearing Price Auction Proceeds Auction #
21-Sep 2,437,872 $9.30 $22,672,209.60 Auction 53
21-June 2,437,872 $7.97 $19,429,839.84 Auction 52
21-Mar 2,454,171 $7.60 $18,651,699.60 Auction 51
20-Dec 2,165,253 $7.41 $16,044,524.73 Auction 50
20-Sep 2,165,253 $6.82 $14,767,025.46  Auction 49

*2014 Program changes included the creation of Cost Containment Reserve (CCR) of allowances that are only available for sale if CO2 allowance prices exceed certain price thresholds: $4 in 2014, $6 in 2015, $8 in 2016, and $10 in 2017, rising 2.5% each year thereafter.   

Massachusetts Auction Results 2008-Present (excel spreadsheet)

All RGGI States Auction Results

RGGI Investments

From 2008-2021 Mass has taken in over $675 million from the RGGI Auctions.  In 2019, Massachusetts invested $36.3 million, and $526.6 million since 2008, into energy programs designed to lower Green House Gas emissions. An additional $32.4million was committed for 2020. For more information on Mass and other participants' investments of RGGI benefits, see RGGI, Inc.’s June 2021 Report “The Investment of RGGI Proceeds in 2019."

RGGI Investments

 

RGGI Investments by Category

Additional Resources

Contact

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