RGGI Auction – Results

Posted on December 10, 2010 by

The 10th auction under the Regional Greenhouse Gas Initiative (RGGI) was held on December 1st. Some statistics from this auction are

1. More than 24 million allowances from the 2009-2011 compliance period were sold for $1.86 each.

2. 38 entities participated for these current compliance period allowances.

3. The entities subject to RGGI compliance purchased 97% of the current compliance period allowances sold.

4. More than 1 million allowances from the second compliance period (2012-2014) were also sold at $1.86.

5. The 10 RGGI auctions have in all raised more than $777.5 million for the 10 RGGI states;

6. The states under the RGGI have invested about 80% of the RGGI funds in strategic energy programs. These programs involve energy efficiency upgrades in homes and businesses.

The next RGGI auction will be held March 9, 2011.