EBICo
EBICo has one green offering:
Equiclimate is designed to help reduce the impact of your home’s annual carbon emissions. It is not a stand alone tariff, rather you pay a sum over and above EBICo’s standard tariff prices, calculated using your home’s energy usage as well as the number of flights and car journeys you make per year.
In return EBICo purchases the equivalent amount of CO2 allowances from the European Union Emissions Trading Scheme (EU ETS) on your behalf. The EU ETS is designed to meet the EU’s target to reduce greenhouse gas emissions under the Kyoto Protocol and is administered by the UK Emissions Trading Registry.
All major carbon emitting sites or businesses in the EU need allowances in order to emit CO2. By purchasing these allowances and then retiring them, EBICo is reducing the number available in market as well as increasing their price. The more expensive allowances are the more incentive businesses have to install carbon reducing measures.
| EBICo Equiclimate | ||
| Green Energy Certified | n/a | |
| Tariff Type | ||
| Green source | ||
| Green source (large hydro) | ||
| Green fund (new renewables) | ||
| Green fund (other environmental) | ||
| Carbon offset | ✓ | |
| Tariff Guarantees | ||
| Tariff backed by REGOs | ||
| Tariff backed by retirement of LECs | ||
| Tariff backed by retirement of ROCs over and above the statutory requirement | ||
| Additional Information | ||
| No premium payable | ||
| Affinity deal | ||
| Incentives to reduce consumption | ||
| Available to electricity customers | ✓ | |
| Available to gas customers | ✓ | |
| Available to PPM customers | ✓ |
