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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® programs, 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 $1,448,374,700.83 since 2008.

Massachusetts Most Recent RGGI Auction Proceeds

DateAllowancesClearing PriceAuction ProceedsAuction #
March 13, 20263,432,901$24.99$85,788,195.99Auction 71
December 5, 20252,033,522$26.73$54,356,043.06Auction 70
Sep. 5, 20252,033,522 $22.25$45,245,864.50Auction 69
June 6, 20252,033,522 $19.63$39,918,036.86Auction 68
March 12, 20253,083,177$19.76$60,923,577.52Auction 67

*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 2008-2023, Massachusetts received $967 million in proceeds from the RGGI Auctions.  In 2023 Massachusetts invested $109 million, and $790 million since 2008, into energy programs designed to lower Greenhouse Gas Emissions. For more information on Massachusetts' and other participants' investments of RGGI benefits, see RGGI, Inc.’s July 2025 Report The Investment of RGGI Proceeds in 2023.

RGGI investments by category in 2023
RGGI investments by category of all time
RGGI investments by recipient in 2022

Additional Resources

An independent research project of the Economic Impacts of the Regional Greenhouse Gas Initiative on Nine Northeast and Mid-Atlantic States (2015-2017)

The Investment of RGGI Proceeds Through 2014 (PDF)

Investment of RGGI Proceeds in 2015 (PDF)

Investment of RGGI Proceeds in 2016 (PDF)

Investment of RGGI Proceeds in 2017 (PDF)

Investment of RGGI Proceeds in 2018 (PDF)

Investments of RGGI Proceeds in 2019 (PDF)

Investments of RGGI Proceeds in 2020 (PDF)

Investments of RGGI Proceeds in 2021 (PDF)

Investments of RGGI Proceeds in 2022 (PDF)

Investments of RGGI Proceeds in 2023 (PDF)

Contact

Online

DOER General Email Email Department of Energy Resources at doer.energy@mass.gov
Large Building Energy Reporting Email Department of Energy Resources at DOER.BER@mass.gov
DOER SMART Program Email Department of Energy Resources at doer.smart@mass.gov
DOER RPS Program Email Department of Energy Resources at doer.rps@mass.gov
Stretch Code Email Department of Energy Resources at stretchcode@mass.gov

Phone

Main Number Call Department of Energy Resources, Main Number at (617) 626-7300

Open M-F 8:45am-5:00pm

Address

Main Office
100 Cambridge Street, 9th Floor, Boston, MA 02114
Directions

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