Danish green energy trading timetable fixed

Europe's second renewable energy permit bourse to be launched in January 2002

Denmark plans to open an exchange for trading renewable energy permits in January 2002, making it the first country after the Netherlands to put such a scheme in place, the national energy agency has announced. Prices will initially be supported by the state, in a range of DKr0.10-0.27 (euros 0.01-0.04), replacing the current system of subsidies. However, these payments will be phased out during the first year of operation and the system opened to full market competition.

The exchange will trade certificates for power generated from wind, biomass, solar and small-scale hydro. Regulators and net operators will monitor production of renewable electricity, and issue certificates representing the number of kilowatt hours on offer.

The exchange's creation is part of government plans to generate 20% of all power consumed in Denmark from renewable sources by 2003, compared with 12-13% currently (ENDS Daily 31 May 1999). Trading was originally hoped to begin in 2001, but the scheme's launch was postponed until there were more new entrants on the market.

Follow Up:
Danish Energy Agency, tel: +45 33 92 00 00.

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