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e renewables price under the European Union Emissions Trading Scheme can not be linked to the financial support under the Renewable Obligation. However, there are still claims that a part of the costs resulted from Ofgem's failure to meet priorities on the National Grid to allow more capacity for renewable energy. More discussions concentrated on maintaining a stable marketplace in order to attract investors and gain their trust.

Climate Change Levy Exemption

In order to claim the exemption from the Climate Change Levy in respect of electricity supplied the suppliers are required to go through the similar process as presented under the Renewable Obligation. However, under the Climate Change Levy there has to be “a physical trade in the power from the generator to the supplier and its non-domestic customer claiming exemption from the Climate Change Levy” (UK Renewable Eneegy Policy , 2007)

Electricity suppliers required to produce their green certificates equal to the proportion of their sales to consumers by the set date in order to fulfil the obligation. The demand for the green certificates by the electricity suppliers will create a market where the suppliers will be able to trade with each other; the prices on the market will vary according to the supply and demand. The trade in green certificates market will be separated from the electricity trade, the electricity trade would be the same as the current electricity market from conventional sources. As the electricity generation from renewable energy sources appear to be more costly than electricity generated from fossil fuels combined with the value of the Climate Change Levy exemption, this factor will support a positive price for the green certificate market. The increase in price and the production cost of renewables will result in increase in green certificates prices. Therefore is the prices of renewables decrease and become equally competitive as conventional sources the green certificates prices will fall significantly.

4.2.4 The Climate Change Levy

The Climate Change Levy was originally presented by the UK Government to battle the climate change and assist in achieving the EU obligations set under the Kyoto Protocol. The main aim of the protocol is the reduction of the greenhouse gas emissions by at least 5 percent below 1990 level by the year 2012. The European Union Members have signed an agreement to ensure the reduction in greenhouse gas emissions by 8 percent by the year 2012. As part of the agreement the UK has committed to the reduction of 12.5 percent.

The Climate Change Levy is the main renewable policy initiative with the main aim to control the energy use. The recommendations presented by Lord Marshall in his report, Economic Instruments and Business Use of Energy, included the introduction of the Climate Change Levy with the major Government's consultation on the supporting issues for the development of the levy, as well as announcement of the changes which will promote the environmental efficiency of the levy and secure the competitiveness.

The main aim of the government is to provide the exemption for the suppliers of the ele本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。