RGGI Program Analysis and Price Forecasts at State & RTO Level
ESAI Power closely follows carbon market developments at the federal, regional and state levels that impact emission regulations and potential power plant retirements. At the federal level, ESAI Power reports on changes to existing regulations (i.e., Mercury & Air Toxics and CSAPR Rules) as well as analyzing the potential impacts of new and proposed regulations. ESAI also provides price projections for SO2 and NOx (annual and seasonal) allowances.

Emissions Coverage
At the regional level, ESAI Power provides coverage of the Regional Greenhouse Gas Initiative (RGGI). Specifically, a 10-year allowance price forecast and CO2 emissions projections through 2034. ESAI Power also monitors changes to the RGGI program stemming from periodic scheduled program reviews, and following state political environments to help predict whether some states may be joining or leaving RGGI in the coming years. ESAI also has full coverage of CSAPR.
In the past, changes have included downward revisions to the annual cap and the establishment of the Cost Containment Reserve (CCR) and Emissions Containment Reserve (ECR) that are intended to either increase or decrease the number of allowances in circulation depending on whether allowance prices either exceed or fall below-established price levels. At the state level, ESAI provides coverage on state-specific initiatives such as the Massachusetts CO2 Cap regulation.
ESAI Power covers RGGI and CSAPR. Each issue includes a long-term allowance price forecast and CO2 emissions projections.
Emissions Watch™
Emissions Watch™ is included in our Benchmark Energy Research™ (BER) service and is also available as a standalone subscription for each individual region (PJM, NYISO, ISO-NE, MISO).
BER subscribers also gain access to ESAI’s Generation Asset Monitor, which tracks project development timelines and expected plant retirements in the same key markets.
Emissions Watch™ delivers expert insights and forecasts on emissions markets, providing regular updates and in-depth analysis of SO₂, NOₓ, and CO₂ markets. ESAI Power continuously monitors carbon market developments at the federal, regional, and state levels, tracking regulatory changes that shape emissions markets.
- At the federal level, we analyze updates to existing regulations such as the Mercury & Air Toxics Standards (MATS) and Cross-State Air Pollution Rule (CSAPR) while assessing the potential impacts of proposed policies.
- Price forecasts for state and regional emissions markets.
- Ongoing coverage of the Regional Greenhouse Gas Initiative (RGGI) and other state-specific programs.
- Price projections for SO₂ and NOₓ allowances, covering both annual and seasonal markets.
Request an Emissions Watch example report
Request a free sample of Emissions Watch, our quarterly regional report which follows developments at the federal, regional, and state levels that impact the emissions markets.
Note: ESAI may require a qualification conversation before sending the sample report. The report will not be the latest version.
Download an overview of Emissions Watch
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ESAI Power LLC
401 Edgewater Place, Suite 640
Wakefield, MA 01880
Phone: +1.781.245.2036
ESAI Power is a market research and consulting firm that delivers focused analysis of the wholesale power markets in the Northeast region of the US: PJM, NYISO, and ISO-NE. Since 2001, ESAI has been providing market-focused research product content and custom consulting services for Northeast power market participants including investors (banks, private equity, & hedge funds) & developers, generation owners & operators, utilities & retail electricity suppliers, regulators & RTOs, traders, and end-users & buyers.
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