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