|Policy status:||In Force|
|Policy Type:||Information and Education>Performance Label>Endorsement label, Regulatory Instruments>Monitoring, Regulatory Instruments>Codes and standards, Economic Instruments>Market-based instruments>GHG emissions trading|
|Agency:||Department of Energy and Climate Change (DECC); Office of Gas and electricity Markets (Ofgem);|
|Legal References:||The Electricity (Guarantees of Origin of Electricity Produced from Renewable Energy Sources) Regulations 2003 (2003 No. 2563); The Electricity (Guarantees of Origin of Electricity Produced from Renewable Energy Sources) (Amendment) Regulations 2010 (2010 No. 2715);|
Implemented in 2003, the Renewable Energy Guarantee of Origin (REGOs) electronic certificate system enables producers of renewable-sourced electricity that is eligible unsder the EU Renewables Directive to be issued with evidence (guarantees) that their electricity is indeed renewable.
Generators will be able to prove their green credentials at home and abroad as the scheme is based around mutual recognition between EU Member States. Although the certificates have no actual monetary value in and of themselves, they will prove useful for smaller generators and those who wish to conduct trade across national boundaries.
Last modified: Fri, 12 Dec 2014 16:56:11 CET