World Energy Solutions Supports 26th RGGI CO2 Allowance Auction

WORCESTER, Mass., Dec. 10, 2014 (GLOBE NEWSWIRE) -- World Energy Solutions, Inc. (Nasdaq:XWES), a leading energy technology and services firm, today announced it successfully supported the 26th quarterly auction of carbon dioxide (CO2) allowances administered by Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.) on December 3, 2014.

According to RGGI, Inc., all 18,198,685 CO2 allowances offered for sale were sold at the auction at a clearing price of $5.21. The auction generated more than $94 million for reinvestment by the RGGI states in a variety of consumer-benefit initiatives, including energy efficiency, renewable energy, direct bill assistance and greenhouse gas abatement programs. Cumulative proceeds from all RGGI CO2 allowance auctions currently total $1.9 billion.

In a previously released statement, Kelly Speakes-Backman, Commissioner of the Maryland Public Service Commission and Chair of the RGGI, Inc. Board of Directors, said: "After 26 successful auctions, the RGGI states have demonstrated that it is possible to cost-effectively achieve pollution reduction goals while maintaining grid reliability and affordability for consumers. As our second control period draws to a close, the RGGI states continue to deliver cleaner air and economic benefits for our region."

Auction 26 Results At-A-Glance
Auction Date December 3, 2014
Allowances Offered for Sale 18,198,685
Allowances Sold 18,198,685
Ratio of Bids to Initial Supply 2.5
Clearing Price $5.21
Reserve Price $2.00
Proceeds from Auction 26 $94,815,148.85
Total Cumulative Proceeds (All Auctions) $1,935,045,944.05
Number of Bidders in Auction 26 50
Percent of Allowances Purchased by Compliance Entities & their Corporate Affiliates in Auction 26 88%
Percent of Allowances Purchased by Compliance Entities & their Corporate Affiliates in Auctions 1-26 78%

More details of the auction results can be found in the RGGI press release dated December 5, 2014 and at The RGGI auctions are administered by RGGI, Inc. and run on an online platform provided by World Energy Solutions.

About World Energy Solutions, Inc.

World Energy Solutions, Inc. (Nasdaq:XWES) is an energy technology and services firm transforming energy procurement and energy efficiency for commercial, industrial, institutional, government and utility customers. The Company's award-winning, cloud-based auction platform, the World Energy Exchange®, its team of energy experts, and a network of more than 500 suppliers and 300 channel partners form an ecosystem that enables customers to minimize their total cost of energy. To date, World Energy has transacted over $45 billion in energy, demand response and environmental commodities, creating more than $3 billion in value for its customers. World Energy is also a leader in the global carbon market, where its World Energy Exchange® supports the Regional Greenhouse Gas Initiative (RGGI), the first mandatory market-based regulatory program in the U.S. to reduce greenhouse gas emissions. For more information, please visit

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CONTACT: Dan Mees World Energy Solutions, Inc. (508) 459-8156

Source:World Energy Solutions, Inc.