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 $461,204,915.39 since 2008.

Massachusetts Most Recent Auction Proceeds - RGGI Auction

Date
Allowances
Clearing Price
Auction Proceeds
Auction #
September 2017
2,515,574
$4.35
$10,942,746.90
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

From 2008-2017 Mass has taken over $450.2 million from the RGGI Auctions. Through 2014, Massachusetts had dispersed $304.6 million into energy programs designed to lower Green House Gas emissions.  An additional $11.9 million was carried over into 2015.  For more information on Mass and other participants investments of RGGI benefits, see RGGI, Inc.’s September 2016 Report “The Investment of RGGI Proceeds Through 2014 ”.

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