Auction PR Publicity Announcements News and Information
Auction PR Publicity Announcements News and Information

World Energy Selected by RGGI to Provide Online Auction Services

WORCESTER, MA – World Energy Solutions, Inc. , a leading operator of online exchanges for energy and environmental commodities, today announced that the company has been selected by the Regional Greenhouse Gas Initiative (RGGI), Inc. to provide services related to the design and implementation of a regional allowance auction.

RGGI is a cooperative effort by ten Northeast and Mid-Atlantic states to design and implement a regional cap-and-trade program initially covering carbon dioxide emissions from power plants in the region.

According to RGGI, the first ever CO(2) allowance auction in the nation for a mandatory emissions reduction program is scheduled to take place on September 10, 2008, followed by a second auction on December 17, 2008. Regional auctions will take place on a quarterly basis, with the first compliance period for the RGGI cap-and-trade program to begin on January 1, 2009.

“World Energy is thrilled to be selected by RGGI as their provider of online auction services. This selection validates both World Energy’s capabilities and the value of auctions as an allocation methodology,” said Richard Domaleski, Chief Executive Officer, World Energy Solutions. “Pending final contract negotiations, we look forward to forging a strong partnership in support of the Regional Greenhouse Gas Initiative cap-and-trade system.”

In a statement issued by RGGI, Inc., Pete Grannis, Chair, RGGI, Inc. and Commissioner of the New York State Department of Environmental Conservation said, “Absent federal leadership, the Northeast and Mid-Atlantic states of RGGI are taking action to cut greenhouse gas emissions and reduce their impact on the environment. Our CO(2) auction will be the first in the nation and it is one that should be replicated at the federal level.”

To read the full statement issued by RGGI, Inc., visit:

This selection is tentative pending the outcome of a contract negotiation process and final agreement of contract terms and conditions.

About World Energy

World Energy operates leading online exchanges for energy and environmental commodities. Our proven approach provides market intelligence, promotes liquidity, and creates price transparency for all market participants, enabling our customers to transact with confidence and to seek the best possible price. To date, the company has transacted over 40 billion kwh of electricity, 700 million kwh of green power and Renewable Energy Certificates (RECs) and one trillion cubic feet of natural gas. For more information, please visit

This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.