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Britain prepares for Renewables Obligation
1 March 2002
The order to introduce the UK's new renewables obligation was laid before parliament in February. The obligation, which comes into effect on April 1, requires electricity retailers to supply a percentage of their power from renewable sources, starting at 3% and rising to 10% by 2010. Energy Minister Brian Wilson says: "The obligation reflects the government's belief that the way forward for renewable energy is to create the market conditions for a thriving, dynamically competitive industry. This will form a long term framework until at least 2027 within which the renewables industry will be free to make commercial decisions on how best to meet their obligation." He adds that the government is underpinning the obligation with a package of financial support worth more than £260 million over the next three years.
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