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18 October 2004 - SmartestEnergy has announced a new carbon credit compliance service for those to be affected by the EU Emissions Trading Scheme (ETS). The UK consolidator for the independent generation market is aiming the service toward generators and users of power who will shortly be informed of their carbon dioxide (C02) allowance through the UK's National Allocation Plan (NAP).
It is envisaged that the allocations in most cases will mean that a net purchase or a net sale of C02 allowances will be required.
Ashley Turner, vice president commercial said, "The EU ETS has been designed to operate as a genuine market place, with participants able to meet their targets through trading their surpluses or shortfalls with each other."
With the new service SmartestEnergy will serve as the co-ordinator supplying an allowance to companies seeking to purchase additional C02 credits at a fixed price or, alternatively, if a company has a surplus of C02 allowances, SmartestEnergy would purchase the surplus and sell it to one of its existing customers or into the general market.
In a recent speech on climate change, UK Prime Minister Tony Blair said, "Trading is the most effective way to reduce emissions." And that the establishment of a carbon trading market, "Will be an enormous achievement and will change the way thousands of businesses think about their energy use."
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