This is an excellent document from the U.K. that sounds a lot like Cap & Trade with Carbon Taxes. Just replace Cap & Trade with RO’s and ROC’s and CCL. This system is being promoted by many of the political parties here in Canada during this federal election.
I especially like this reference:
“All companies generating power from accredited renewable sources are issued with Renewable Obligation Certificates by Ofgem. One MWh of electricity entitles the generator to one ROC. When the renewable generator sells electricity to the supplier it is common, though not necessary, to sell the ROC too.
1. the price of the electricity they generate,
2. the price charged for the ROCs which they sell on to suppliers.
It’s funny how Minister Smitherman (Minister of Energy in Ontario) missed the U.K. in his recent travels to Europe with regards to renewable energy. I agree Minister that Ontario can do more, but does it have to be at the expense of rural residents health, safety and all of Ontario taxpayers pocket books?