The Center Square: “Virginia Lawmakers Question RGGI Costs”
This article describes commentary by RFF Senior Fellow Dallas Burtraw at a meeting of Virginia’s Commission on Electric Utility Regulation.
“Dallas Burtraw, a senior fellow with Resources for the Future, told lawmakers the most recent [Regional Greenhouse Gas Initiative (RGGI)] auction cleared around $35 per ton, significantly higher than prices during Virginia’s earlier participation.
Lawmakers debated whether future auction proceeds should primarily support customer rebates, flood mitigation efforts or energy-efficiency programs ...
Burtraw argued returning a larger share of proceeds directly to residential customers could offset rising electricity costs.”
