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.
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 $500,645,788.31 since 2008.
|Date||Allowances||Clearing Price||Auction Proceeds||Auction #|
|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.
Additional Resources for Auction Proceeds
Note: Mass did contribute to RGGI, Inc. operating budget in 2015, but the contribution came at the end of 2014 calendar year and was recorded in 2014
From 2008- September 2018 Mass has taken in over $500 million from the RGGI Auctions. Through 2015, Massachusetts had dispersed $372.9 million into energy programs designed to lower Green House Gas emissions. An additional $17.8 million was carried over into 2016. For more information on Mass and other participants investments of RGGI benefits, see RGGI, Inc.’s October 2017 Report “The Investment of RGGI Proceeds in 2015."