LONDON Real Time Engineering Ltd (Glasgow, Scotland) has been chosen by the U.K. Department for Business, Enterprise and Regulatory Reform to set up and operate a 'Settlement Centre' to handle recording and trading of 'evidence' under the WEEE regulations.
“The Settlement Centre will be a key component of the new Waste Electrical and Electronic Equipment system in the U.K., monitoring producer performance against their obligations and allowing them to trade evidence with other schemes,” said Energy Minister, Malcolm Wicks.
WEEE producer compliance schemes will be required to provide to the Settlement Centre documentary evidence of the amount of electrical waste they have handled and treated on behalf of their members.
The Settlement Centre will also allow local authorities to recover any money they spend treating electrical waste themselves, if they have not managed to arrange clearance from their sites by a producer compliance scheme.
Real Time is an supplier of business consultancy and IT systems development services. It has worked on similar projects in the past, including the Renewables Trading Information Management System and the Renewables Obligation Certificate Register.