Differences in light quality penetration within a leaf and absorption by the photosystems alter rates of CO₂ assimilation in C₃ plants. It is also expected that light quality will have a profound impact on C₄ photosynthesis due to disrupted coordination of the C₄ and C₃ cycles. To test this hypothesis, we measured leaf gas exchange, ¹³CO₂ discrimination (Δ¹³C), photosynthetic metabolite pools and Rubisco activation state in Zea mays and Miscanthus × giganteus under steady‐state red, green, blue and white light. Photosynthetic rates, quantum yield of CO₂ assimilation, and maximum phosphoenolpyruvate carboxylase activity were significantly lower under blue light than white, red and green light in both species. However, similar leakiness under all light treatments suggests the C₄ and C₃ cycles were coordinated to maintain the photosynthetic efficiency. Measurements of photosynthetic metabolite pools also suggest coordination of C₄ and C₃ cycles across light treatments. The energy limitation under blue light affected both C₄ and C₃ cycles, as we observed a reduction in C₄ pumping of CO₂ into bundle‐sheath cells and a limitation in the conversion of C₃ metabolite phosphoglycerate to triose phosphate. Overall, light quality affects rates of CO₂ assimilation, but not the efficiency of CO₂ concentrating mechanism.