A North East green project has formed the first UK wide community owned energy supply company which could soon be handling £millions. Community Renewable Energy (CoRE) has set up the new company to sell energy and provide other financial services to the growing number of community owned renewable energy systems. Its first customer is likely to be a district wood heating system supplying heat to 80 houses and a school in Middleton-in-Teesdale. “Selling energy in today’s European wide market is a complex business,” said Keith Richardson, Chair of CoRE, “It is a major obstacle to many community owned renewable energy systems as they have to deal with regulators, sell energy and bill customers, trade in Renewable Obligation Certificates and much more.”

Weblink

10 October 2008
© CORE