Marine Energy Certificates
Pre-purchase a contractual allocation of future marine-generated electricity, measured in kilowatt-hours.
Future marine electricity
Supporting marine-energy development in familiar units
Marine Energy Certificates, or MECs, are denominated in kilowatt-hours—the same unit used to measure electricity consumption on an energy bill.
Payments received through MEC purchases are intended to support the development of tidal, estuarine, river and coastal renewable-energy projects.
Following successful project commissioning, and where suitable agreements have been established with participating energy suppliers, eligible MEC allocations may be capable of being applied as credits against an electricity bill.
Important information
MECs do not provide electricity or bill credits immediately. Future redemption depends on successful project commissioning, measured electricity generation and agreements with participating energy suppliers.
These conditions may not be satisfied within the expected timescale or at all. Please read the Payment Terms before purchasing.
The concept
Why support Marine Energy Certificates?
- A familiar unit: MEC allocations are recorded in kilowatt-hours.
- Supporting infrastructure: Payments are intended to contribute to the development of marine renewable-energy projects.
- An individual record: Each certificate is assigned a unique identifier and recorded against the holder's account.
- Conditional future redemption: Eligible certificates may become capable of being applied through a participating energy supplier after commercial generation begins.
- Environmental integration: Projects are intended to incorporate appropriate environmental assessment, monitoring and mitigation measures.
The process
How MECs are intended to work
1. Purchase a kWh allocation
Select an available MEC quantity and price. Each purchase is recorded against your account and assigned a unique certificate identifier.
2. Support project development
Purchase payments are intended to support development activities associated with future marine-energy projects.
Development does not guarantee that a project will receive consent, secure financing, enter construction or reach commercial operation.
3. Follow certificate and project records
Your account is intended to show your certificate identifiers, kWh allocations, applicable vintage windows and certificate status.
4. Conditional allocation to generation
Once an eligible project generates electricity, the MEC registry is intended to associate certificate allocations with measured generation batches and prevent the same generation from being allocated more than once.
5. Potential bill-credit redemption
Where a participating energy supplier offers a compatible arrangement, an eligible MEC allocation may be capable of being applied as a bill credit during its applicable vintage window.
Your certificate record
What you receive following purchase
- A record of your MEC identifier, purchased kWh allocation and relevant certificate dates.
- Access to available project-development updates and generation information.
- The ability to view the certificate's current allocation and redemption status.
- Where supported by the applicable terms, an opportunity to nominate an eligible beneficiary for the allocation.
A certificate record is not confirmation that electricity has been generated or that a bill credit is currently available.
Illustrative example
How a future credit could appear
Electricity charges -------------------------------------------------- Standard supply: 1,000 kWh at £0.26 £260.00 Eligible marine-energy credit: 200 kWh −£52.00 -------------------------------------------------- Illustrative total £208.00
This example is for illustration only. It is not a quotation, tariff offer or guarantee of the amount, timing or availability of a future credit.
The terminology, calculation method, eligibility requirements and value of any credit would depend on the participating energy supplier, applicable tariff and contractual arrangements in force at that time.
Environmental responsibility
Protecting marine environments
Marine-energy projects must be developed in accordance with applicable environmental-assessment, planning and consenting requirements.
The nature and extent of environmental surveys, monitoring and mitigation will depend on the location, scale, design and potential effects of each individual project.
Project-specific findings will be used to inform engineering, operational and environmental-management decisions.
Certificate governance
Transparency and verification
- A unique identifier for each issued certificate.
- A record of certificate issuance, ownership, allocation, transfer and redemption events.
- Controls intended to prevent one generation batch from being allocated to more than one certificate entitlement.
- Provision for appropriate audit and independent review as the programme develops.
MECs are intended for the allocation of future electricity matching and are not designed as speculative or exchange-traded assets.
Questions and answers
Frequently asked questions
Do MECs provide shares or an investment return?
MECs do not provide shares in Pliosaur Energy, interest, dividends, voting rights or a contractual entitlement to share in company profits.
They are intended to record a contractual allocation of future electricity matching, subject to the Payment Terms.
When could redemption begin?
Redemption could only begin after an eligible project has reached commercial operation, generated qualifying electricity and established the necessary arrangement with a participating energy supplier.
Is redemption guaranteed?
No. Project development, commissioning, electricity generation and energy-supplier participation involve significant uncertainties.
The Payment Terms explain how delays, expiry, project non-completion and the absence of a participating supplier will be treated.
What happens if I change energy supplier?
A MEC could only be applied through a supplier that participates in the programme and supports the relevant redemption arrangement.
Transfer, reassignment and beneficiary options will be governed by the Payment Terms and the arrangements available at the relevant time.
What happens if I do not redeem?
The treatment of an unredeemed certificate at the end of its vintage window will be governed by the applicable Payment Terms.
Can I sell or trade a MEC?
MECs are not intended for speculative trading. Any permitted transfer or beneficiary reassignment will be subject to the programme rules and Payment Terms.
Before purchasing
Review the terms and available options
Important purchase conditions
This is a payment for a conditional future contractual allocation. It is not payment for electricity currently being supplied to your home or business.
Do not purchase a MEC unless you understand and accept the project, commissioning, generation, supplier-participation, vintage-window and redemption risks described in the Payment Terms.
View the available Marine Energy Certificate options
Minimum transaction value: £5.00.