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Green energy - Levy exempt Certificates
The
government strategy to combat climate change in accordance with
their Kyoto protocol undertakings is two pronged. The first
to provide financial incentives for business to reduce energy consumption
by increasing energy costs with the application of the Climate
Change Levy (CCL). The second to provide a financial incentive
to displace fossil fuels with renewable energy by providing renewable
generators with additional revenues in the form of CCL
exemption certificates and Renewable Obligation
(RO) certificates.
The Renewable generators are awarded Climate Change Levy Exempt
Certificates (LEC's) which can be sold to electricity suppliers
who then sell them with electricity supply as Levy Exempt electricity,
often loosely referred to as Green electricity which is not strictly
correct. Please see the menu for the page "Green explained".
Should you require any further information please contact
us.
If you are a renewable
generator then it is imperative that you obtain quality advice as
LEC's have a big impact on your economics and/or project viablity.
Contact Guardian Energy for advice
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