World Energy Solutions, Inc. (XWES) Successfully Supports RGGI’s 18th CO2 Allowances Auction

Today, leading energy management services firm World Energy Solutions announced that on Dec. 5, it successively supported the 18th quarterly auction of carbon dioxide (CO2) allowances that was administered by Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.).

Sold at the auction were 19,774,000 CO2 allowances, according to RGGI, Inc., which generated $38.1 million for reinvestment by the RGGI states in various consumer-benefitting initiatives, such as investments in energy efficiency, clean and renewable energy, direct bill assistance, greenhouse gas abatement, and climate change adaptation. RGGI’s next auction is scheduled to take place on March 13, 2013.

RGGI is helping accelerate the transition to a clean energy economy in the region, as illustrated by RGGI’s 2011 proceeds report. This report estimates that RGGI investments, over their lifetime, will help avoid 12 million short tons of carbon dioxide pollution, or the equivalent of a year’s worth of emissions from 2 million passenger vehicles.

In addition to setting a clear and enforceable cap on carbon dioxide pollution, RGGI also delivers environmental, economic, and consumer benefits to the RGGI states, with savvy allowance investments that reduce emissions and save ratepayers money.

More details about the recent auction’s results can be found at www.rggi.org, in the RGGI, Inc. press release dated Dec. 7, 2012.

An energy management services firm, World Energy Solutions unites the passion, processes, and technologies needed to remove the complexity of energy management and turn it into bottom-line impact for the businesses, institutions, and governments the company serves. World Energy Solutions, to date, has transacted more than $30 billion in energy, demand response, and environmental commodities on behalf of its customers – creating more than $1 billion in value for customers. The company is a leader in the global carbon market, where its World Energy Exchange supports the Regional Greenhouse Gas Initiative, which is the first mandatory market-based regulatory program to reduce greenhouse gas emissions in the United States.

For more information, visit www.worldenergy.com

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