Tuesday 15 July 2014, 14:00 – 15:30, Committee Room 17, House of Commons

 

 

The TEQs (Tradable Energy Quotas) system was first published in 1996 by the late Dr. David Fleming, and has since been the subject of extensive study, including a government feasibility study in 2008.  This concluded that TEQs was then “ahead of its time” due to public reluctance to accept climate policy and perceived greater costs than international abatement via the EU Emissions Trading Scheme.

TEQs (pronounced “tex”) is a concept similar to a national electronic system for rationing energy use, covering the whole economy, with individuals given a free weekly entitlement of units.  However, individuals who use less than their entitlement would be able to legally sell their surplus units at the prevailing national price, thus profiting from their energy-thrift and providing a means for above-average users to exceed their entitlement.  In the system price would be determined by national demand, and all fuels and electricity would carry a ‘carbon rating’, determining the number of units needed to make a purchase.

This joint meeting by PRASEG and the APPCCG aims to explain the system and how it would work, making the case for why the UK should adopt this approach, and laying out the next steps towards implementation in the current political climate.

Chair: Dr Alan Whitehead MP

Speakers:

  • Shaun Chamberlin, Managing Director, Fleming Policy Centre
  • Other speakers TBC

If you would like to attend this meeting, please contact Neha Nijhon at the APPCCG Secretariat on This email address is being protected from spambots. You need JavaScript enabled to view it. or tel: +44 (0) 20 7833 6035.  Please enter by Cromwell Green (visitors) entrance and allow about 15 minutes to pass through security.

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