Green energy ‘flaw’ costing buyers

The “flaw” with buying green energy is that it doesn’t count under UK carbon cutting tax schemes. That’s according to Mark Dickinson, Chief Executive of a leading broker M&C Energy. […]

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By Vicky Ellis

The “flaw” with buying green energy is that it doesn’t count under UK carbon cutting tax schemes. That’s according to Mark Dickinson, Chief Executive of a leading broker M&C Energy.

Speaking on ELN’s Energy Clinic webcast, he told ELN Editor Sumit Bose: “The flaw in green energy when it’s being sold by a supplier is that it doesn’t link back to any of the taxation schemes. So if you’re in CRC, the fact that you’ve bought green energy doesn’t actually help you offset your CRC obligation.”

At the moment there’s no way to check the money you pay for green energy is going to invest in more green generating down the supply chain, he suggested.

If your company is big enough, added Mr Dickinson, it’s just as worthwhile to build green energy projects.

He said: “If you want to be an organisation investing in green energy, the most important thing is what you can do yourself. If you’re of a scale where you can put your own wind turbine up, invest in your own
photovoltaic, those are all real clear actions. Those are actions that you can see, touch, they’re all going to feed into your bottom line.”