Mark
posted this on July 27, 2010 18:11
The thorny issue of brown, light brown and green electricity for CRC........
Under the CRC Order the value of any electricity credits can be subtracted from a CRC participant's 'total emissions' and 'footprint emissions', reducing their CRC liabilities overall (refer to articles 30 and 41).
An electricity credit arises where (article 31):
- a person generates electricity; and
- is not issued with a ROC or financial incentive under s41 of the Energy Act 08; and
- generation does not occur at an EU ETS facility, nuclear station or hydro station; and
- supplies that electricity to a public body or undertaking; and
- the supply meets the definition of supply set out in paragraph 1 or 6 of Schedule 1.
The key is that the supply must be to a public body or undertaking and so the developer/generator needs to ensure this.
So if your green electricity has come from a well know electricity supplier and its getting a subsidy through ROCs or FITs then it will only be light brown in the scheme of all things CRC.