WHITE CERTIFICATES

REMISSION

A year after the emission of the white certificates companies from selected sectors such as distribution or generation will be forced to present a certain number of white certificates to the central office responsible for regulation of national energy market. The certificates can either gained through the modernization or bought from the companies who are not forced to collect them. The insufficient number of white certificates will result in a penalty. The penalty and to whom it will have be to paid to will be depending on the Member State.

MEASUREMENT AND VERIFICATION

Measurement and verification are very important elements in the white certificate scheme. It will be a duty for every Member State to erect an institution responsible for measurement and verifications. At the outset such a bureau will be obligated to register every investment which was submitted to the call for tenders. Then the investments will be a subject in an automatic computer analysis which will verify if the investment still satisfy the criteria. After the call for tenders, the investments which won the white certificates will be verified manually as well. A group of experts will be sent to the randomly chosen firms as well as to the companies which had problems with satisfying the criteria of the investments signalized by the computer analysis.

Another important duty of the bureau will be measurement and verification after the modernization. Proper data will have to be collected to examine if the whole investment was done in accordance with the audits and to check the level of energy conserved.

CONCLUSIONS

The white certificate scheme is the most powerful instrument concerning the energy conservation. Every investor which modernizes an object in order to reduction of energy usage will have a chance to win a white certificate. The certificates will be the securities which will be able to be freely sold and bought on the market. The major purchasers of the certificates will be the companies from the selected sectors which will be obligated to present a certain number of the certificates in order to reemission. The white certificates scheme will be unquestionably an incentive which will prod the energetic sector to be more efficient. However it also has some disadvantages.

Effectuation of the certificates will raise the prices for services in sectors involved in the white certificate scheme. This will be a result of the considerable number of investments executed after the emission of the certificates. However the prices will not be elevated for a long time, it is estimated that sooner or later the investments will payback and the prices will fall down. Another issue concerning the certificates is a fact that this scheme will make the energy sectors more bureaucratic and consequently less developing. On the other hand this fits in the European Union which is severely bureaucratic itself.

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