The resulting tracking and verification assures customers that they are getting the renewable energy for which they paid. Traditional electric utilities and energy service providers regularly use green tickets. Green generators who sell power through the APX receive a green ticket for each megawatt hour of power they generate. This allows wind generators, for example, to sell into the open market and collect a premium for each megawatt hour of green power they generate, without having to forecast ahead of time how much they will be generating. The tickets are traded in a calendar year market.
Green tickets allow renewable energy generators to sell with a ready revenue stream.
They can compete effectively and sell to a larger number of buyers that are willing to pay a premium price for energy from environmentally preferred sources. Plus, renewable generators get a revenue benchmark needed to obtain financing for new renewable plants. Sterling Planet currently buys and sells the green ticket only, but plans to expand into the green energy commodity market in the future. We will work through a sister company, Sterling Energy Equities, to develop new renewables. We will then sell electricity from our green energy plants to the wholesale market and green tickets to the retail market.