World Energy Solutions Supports 26th RGGI CO2 Allowance Auction
10 Dezembro 2014 - 11:00AM
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 www.rggi.org. 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
www.worldenergy.com.
This press release contains forward-looking statements. The
words "anticipates," "believes," "estimates," "expects," "intends,"
"may," "plans," "projects," "will," "would" and similar expressions
are intended to identify forward-looking statements, although not
all forward-looking statements contain these identifying words. The
Company has based these forward-looking statements on its current
expectations and projections about future events, including without
limitation, its expectations of backlog and energy prices. Although
the Company believes that the expectations underlying any of its
forward-looking statements are reasonable, these expectations may
prove to be incorrect and all of these statements are subject to
risks and uncertainties. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions,
projections or expectations prove incorrect, actual results,
performance or financial condition may vary materially and
adversely from those anticipated, estimated or expected. Such risks
and uncertainties include, but are not limited to the following:
the Company's revenue and backlog are dependent on actual future
energy purchases pursuant to completed procurements; the demand for
the Company's services is affected by changes in regulated prices
or cyclicality or volatility in competitive market prices for
energy; the potential impact on the Company's historical and
prospective financial results of a change in accounting policy may
negatively impact its stock price; and other factors outside the
Company's control that affect transaction volume in the electricity
market. Additional risk factors are identified in the Company's
Annual Report on Form 10-K for the year ended December 31, 2013 and
subsequent reports filed with the Securities and Exchange
Commission. The forward-looking statements made in this press
release are made as at the date hereof. The Company undertakes no
obligation to update any forward-looking statement to reflect
events or circumstances after the date on which the statement is
made or to reflect the occurrence of unanticipated events, other
than as required by securities laws.
CONTACT: Dan Mees
World Energy Solutions, Inc.
(508) 459-8156
dmees@worldenergy.com
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