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. 

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 $669,870,603.82 since 2008.

Massachusetts Most Recent RGGI Auction Proceeds
Date Allowances Clearing Price Auction Proceeds Auction #
June 2019 2,134,894 $5.62 $11,998,104.28 Auction 44
March 2019 2,134,894 $5.27 $11,250,891.38 Auction 43
December 2018 2,238,471 $5.35 $11,975,819.85 Auction 42
September 2018

2,427,432

$4.50

$10,923,444

Auction 41
June 2018 2,427,432 $4.02 $9,758,276.64 Auction 40
March 2018 2,427,432 $3.79 $9,199,967.28 Auction 39
December 2017 2,515,575 $3.80 $9,559,185.00 Auction 38
September 2017 2,515,574 $4.53 $10,942,746.90 Auction 37
June 2017 2,515,574 $2.53 $6,364,402.22 Auction 36
March 2017 2,515,574 $3.00 $7,546,722.00 Auction 35
December 2016 2,554,597 $3.55 $9,068,819.35 Auction 34
September 2016 2,554,596 $4.54 $11,597,865.84 Auction 33

 

*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. 

 

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RGGI Investments

RGGI Proceeds Investments by Sector

 

From 2008- June 2019 Mass has taken in over $660 million from the RGGI Auctions. Through 2016, Massachusetts had dispersed over $395 million into energy programs designed to lower Green House Gas emissions.  An additional $41.2 million was committed to programs in 2017.  For more information on Mass and other participants investments of RGGI benefits, see RGGI, Inc.’s September 2018 Report “The Investment of RGGI Proceeds in 2016."

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