Original Program Design Materials

Auction Design

In March 2007, the New York Energy Research and Development Authority (NYSERDA), on behalf of RGGI states, engaged a research team led by the University of Virginia and Resources for the Future (RFF) to evaluate regional auction design options and make recommendations to the Staff Working Group and Agency Heads for the specifications of a regional RGGI allowance auction. The outcome of this research provided recommendations at a level of specificity that would allow participating states to jointly implement an auction platform and administer an auction, pursuant to design requirements and rules specified by RGGI states.

The research team used experiments (mock auctions in a laboratory setting) to test the performance of a number of auction formats considered good candidates for use in a carbon allowance market. The research team supplemented experimental results with additional analysis of academic literature and other experiences with allowance auctions.

Final Auction Design Study ReportPDF713 KB10.26.07
Draft Phase I Auction Design Study ReportPDF1.4 MB10.26.07
Design Elements for Regional Allowance Auctions PDF29KB03.17.08

Staff Working Group

The Staff Working Group, comprised of representatives from each of the participating states, cooperated to develop documents and analysis to assist each state's implementation of its own CO2 Budget Trading Program.

Below find links to a collection of those documents. 

Initial Report of the RGGI Emissions Leakage Multi-State Staff Working GroupPDF362KB3.14.07
Staff Working Group Package ProposalPDF36.9 KB8.24.05
Staff Working Group Recommendations at a GlancePDF71.7 KB8.24.05
Update on the Status of RGGIPDF19.8 KB4.6.05
RGGI FlowchartPDF78.9 KB2.2.05
Preliminary Staff Working Group Decision TimelinePDF12.9 KB7.26.04
RGGI Action PlanPDF15.8 KB3.2.04
RGGI Projects-by-MonthPDF11.3 KB1.23.04
Draft Outline of Stakeholder ProcessPDF11.4 KB1.18.04
Update on Stakeholder Process Subgroup Activities & Next StepsPDF18 KB1.16.04
Update on Energy Modeling Subgroup Activities & Next StepsPDF27.2 KB1.16.04
Update on Technical Data & Analysis Subgroup Activities & Next StepsPDF34.4 KB1.16.04
Update on Model Rule Subgroup Activities & Next StepsPDF22.8 KB1.16.04
Update on Cost-Benefit Analysis Subgroup Activities & Next StepsPDF20.8 KB1.16.04
Recommendation on Setting a Base YearPDF23.1 KB1.16.04
Model Rule Outline & Identification of Key Policy DecisionsPDF22.9 KB12.12.03


Documents related to the design of RGGI emissions offsets are available below.

Analysis Supporting Offsets Limit RecommendationPDF64.1 KB8.24.05
RGGI Offsets Limit AnalysisXLS101 KB8.24.05
Offset Supply CurvesXLS1 MB7.14.06
RGGI Offset Application & Submittal Materials and Verifier Accreditation ProcessPDF67.1 KB5.14.09
3 Regions Offsets White PaperPDF354 KB5.19.10

Topical Workshops

Topical workshops were held to develop aspects of the RGGI design. Presentations, agendas, and materials from these workshops are provided below.

Allowance Auction Workshop Presentations
New York, NY
Presented by Resources for the Future
ZIP4.3 MB7.20.06
Electric Imports and "Emissions Leakage" Workshop Presentations
South Royalton, VT
Presented by Vermont Law School
ZIP5.6 MB6.15.06
Electricity Markets, Reliability & Planning Workshop Presentations
New York, NY
Presented by Regulatory Assistance Project, ISO-NE, NYISO, & PJM
ZIP776 KB11.30.04
Allocations & Apportionment Workshop Presentations
Boston, MA
Presented by Pew Center on Global Climate Change, RFF, & WRI
ZIP2.5 MB10.14.04
Offsets Workshop Presentations
New York, NY
Presented by Pew Center on Global Climate Change, RFF, & WRI
ZIP723 KB6.25.04



Documents related to modeling of electricity markets and RGGI allowances are available below.


REMI Macroeconomic Modeling Results

Explanation of Projected Retail Impact AnalysisPDF32.1 KB12.12.05
Projected Retail Impacts and REMI Modeling ResultsPDF62.1 KB11.30.05


IPM Energy Modeling Documents

Updated "RGGI Package" and Reference CasesFormatSizeUpdated
Updated RGGI Package and Reference CasesPDF71 KB10.11.06
Updated Output Spreadsheets (Package and Reference Case)ZIP147 KB10.11.06
Offsets SummaryXLS18 KB10.11.06
Offset Supply Curves   
Offsets: Supply Curves for 2006 IPM ModelingXLS1 MB7.14.06
Overview of IPM AssumptionsFormatSizeUpdated
IPM Energy Modeling Assumptions DocumentPDF623 KB3.22.06
8-State "RGGI Package" and Reference Cases, each with High Emissions Sensitivity CaseFormatSizeUpdated
Eight-State Sensitivity ResultsPDF121 KB12.21.05
Output Spreadsheets (8-state Package Case, with High Emissions Sensitivity Case)ZIP149 KB12.13.05
Output Spreadsheets (8-state Reference Case, with High Emissions Sensitivity Case)ZIP149 KB12.09.05
Very High Emissions Sensitivity CasesFormatSizeUpdated
Very High Emissions Scenario: Plausibility of Modeled OutcomesPDF48 KB11.15.05
Offsets: IPM Modeling AssumptionsPDF96 KB11.14.05
RPS Sensitivity & Very High Emissions Reference & Package CasesPDF339 KB10.26.05
Output Spreadsheets (Two additional "Very High Emissions" Package Cases)ZIP148 KB10.26.05
Output Spreadsheets ("Very High Emissions" Package and Reference Cases, and a "50% RPS" Reference Sensitivity Case)ZIP224 KB10.10.05
"RGGI Package" and Reference Case DevelopmentFormatSizeUpdated
IPM Modeling Results - Offsets SummaryXLS74 KB9.22.05
Updated Reference, RGGI Package & SensitivitiesPDF259 KB9.21.05
Output Spreadsheets (11 cases, including both Package and Reference cases with various Sensitivities)ZIP805 KB9.14.05
Updated Reference & SensitivitiesPDF271 KB9.8.05
Updated Reference & RGGI PackagePDF177 KB8.30.05