First green certificates registered for trade

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On the supply side of Holland's new green power market, the first green certificates -- green electricity in paper form -- were registered at the electronic green certificate bank run by grid operator TenneT on the night of July 18-19. The first certificates were generated by a wind farm in Flevoland, says TenneT, which in the first weeks of July generated enough power to meet the annual needs of 400 households. The certificates, which are issued in units of 1 MW, 10 MW, 100 MW, 1000 MW are issued by the Groencertificaten bank and booked onto the account of the producer. The producer can then sell them to a green power retailer who will in turn surrender them to the tax authorities in order to claim exemption from carbon tax on the power sold to green power customers.

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