Tradable Energy Quotas (TEQs) are a way of using the market to reduce fossil fuel energy consumption.(1) Every adult is given an equal free entitlement of TEQs units each week. Other energy users (government, industry etc.) bid for their units at a weekly auction. If you use less than your entitlement, you can sell your surplus. If you need more, you can buy them. All trading takes place at a single national price, which will rise and fall in line with demand. When you buy energy, such as petrol for your car or electricity for your household, units corresponding to the amount of energy you have bought are deducted from your TEQs account, in addition to your money payment. The total number of units available in the country is set out in the TEQs Budget, which goes down each year.
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The Big Raise (La Grande Raisandière) is a permaculture farm. We offer courses in permaculture, meditation and vegan cooking. thebigraise.fr/courses