01 February 2001
An energy trader claims to have made the first online trade in renewable obligation certificates from a green electricity supplier.
Renewable Trading, which started up last May, has purchased two years' electricity production from Cumbria-based wind-power supplier Windcluster. The certificates guarantee its credentials as being renewable.
The certified power will be offered to suppliers that, later this year, will be legally obliged to take 3 per cent of their supply from renewable sources.
"The green market is heating up and there is not enough energy to supply the demand," said Peter Webster, managing director of Renewable Trading.
"Investment by electricity suppliers in renewable sources is rising by the bucketload," said Peter Anderson, a researcher at consultancy the Energy Information Centre. But part of the problem for electricity buyers is to ensure that the power is exempt from the climate change levy, he said.