Renewable energy certificates to be traded on ASX

The ASX has announced that from 24 November 2009, certificates issued for the installation of solar energy grids will be able to be traded on the exchange in the form of futures and options.

These certificates are issued to homeowners and commercial businesses as a subsidy for the installation of these systems. There is no longer a fixed subsidy when a system is installed, rather the purchaser is issued a number of certificates which they independently sell on a secondary market. The price of these certificates has ranged between $25 and $45 over the last three months.

Principal of local electrical contracting firm, Col Groves Electrics, Col Groves, is glad that the ASX is going to offer this option, saying “the trading system will give even more stability to the solar installation industry, and will allow us to give our customers more certainity in the cash level of subsidies available”, saying that, “since the system has been in place the pricing has fluctuated daily, this system will let our customers lock in a price”.

The listing is one of the first clear indications of what the future of carbon trading and emissions trading will look like, as these products become widely accessable and easily traded.

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Related posts:

1. SCU academic questions governments’ attitude to renewable energy
2. Condong, Broadwater renewable energy plants open
3. Renewable energy set to become the new boom business
4. Far North coast gets renewable energy through sugar cane waste
5. Richard Wake is Country Energy’s new regional manager