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Renewable Obligation Certificates

Volume 410: debated on Monday 18 August 2003

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To ask the Secretary of State for Trade and Industry what plans she has to reform the arrangements for renewable obligation certificate trading, with specific reference to the protection of traders affected by losses caused by a supplier going out of business. [130585]

I am aware of the concerns of traders likely to affected by the potential shortfall in the Renewables Buy-Out Fund, as a consequence of TXU's going into administration.However since the extent of any possible shortfall will not be clear until 1 October, it is too early at this stage to assess the impact on the renewables market or to assess whether there is a need to make any changes to the renewables obligation.

To ask the Secretary of State for Trade and Industry what plans she has to ensure compliance under arrangements for renewable obligation certificate trading. [130586]

Under the Renewables Obligation Order 2002, Ofgem have responsibility for monitoring compliance with the Renewables Obligation. Licensed electricity suppliers must demonstrate compliance to Ofgem by 1 October either through redeeming Renewable Obligation Certificates or paying the buy out price.