Written question asked by David Drew (Labour) on Friday, 12 September 2003, in the House of Commons. It was due for an answer on Monday, 6 October 2003. It was answered by Stephen Timms (Labour) on Monday, 6 October 2003 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, if she will make a statement on the implications for the future of renewable obligation certificate trading following the recent demise of TXU; if she will make an assessment of the performance of renewable obligation certificate trading. - (Holding answer 17 September 2003).

Answer: Mr. Drew: To ask the Secretary of State for Trade and Industry (1) if she will make a statement on the implications for the future of renewable obligation certificate trading following the recent demise of TXU; [130519] (2) if she will make an assessment of the performance of renewable obligation certificate trading. [130520] Mr. Timms: [holding answer 17 September 2003]: Renewables Obligation Certificate trading is a matter for the electricity industry. We are aware of the electricity industry's concerns regarding the consequences of TXU going into administration and the implications of a potential shortfall in the Renewables Buy-out Fund for the value of Renewables Obligation Certificates and the level of confidence in the renewables market. My officials are in discussion with the industry at present to discuss the implications of the potential shortfall and consider options for resolving the issue. I understand that officials from Ofgem are in discussion with the TXU administrator on compliance with the obligation.

Secondary information

Type: Written question
Reference: 410 c1079-80W;410 c1077-8W; 130519;130520
Session: 2002-03
Subjects: Certification Finance Electricity generation Standards Trade Renewable energy Renewables obligation
Link: View this Written question on www.publications.parliament.uk