VERBUND Successful in RECS-Certificate Trading
VERBUND-Austrian Power Trading Deutschland GmbH (APT-D), the German subsidiary of the leading Austrian electricity company VERBUND, concluded another contract on the delivery of RECS-certificates from hydropower.
Thus VERBUND has sold RECS-certificates covering a volume of no less than over 1 million megawatt hours since 2001, around 90 % of them as independent product regardless of the electricity supply.
RECS (Renewable Energy Certificate System) is a new standardized certification system with 170 members in thirteen European countries at the moment. For the years 2004 and 2005 alone, VERBUND has already put over 600,000 MWh on the market as RECS-futures.
Thus everything is pointing towards growth, as the clients’ demand for clean energy is continuously increasing. There is an increasing demand especially for certificates from the Vienna Freudenau power plant, Europe’s technologically most advanced large hydroelectric power plant. As electricity producer boasting the largest proportion of hydropower within the E.U. VERBUND is making use of the opportunities offered by RECS-certificate trading.