On 16 August, BEIS opened the consultation ‘Designing a framework for transparency of carbon content in energy products’. This call for evidence invites views on whether the use of Renewable Energy Guarantees of Origin (REGO) certificates for annualised renewable energy matching inhibits transparency for consumers, and how the REGO framework could be adapted to drive additional investment in renewable generation. This ‘Chart of the week’ explores the current pricing for REGO certificates and the future price direction in the context of these potential reforms.
Luke Ansell
To keep reading, please log in to your account
Related thinking
Low carbon generation
NSW’s transition to a new era: What will replace Eraring?
After 52 years of operation, the NSW Liddell power station officially shut down last 28 April. With Liddell’s closure, NSW’s transition to a green energy future is in full swing. First announced in 2015, NSW had seven years to ensure there is enough replacement capacity once Liddell is retired. Since...
Power and gas networks
Queensland SuperGrid – Faster than a speeding bullet
The Queensland Energy and Jobs Plan (QEJP) sets an ambitious goal to deliver the Queensland SuperGrid. The SuperGrid is the future electricity system aiming to deliver consumers clean, reliable, and affordable power. As part of the plan, all publicly owned coal-fired power plants are intended to be retired by 2035....
Energy storage and flexibility
What’s GoOing on with REGOs?
The world of Green Certificates is a complex area of the energy sector and is set to become more-so as we head towards a period of major regulatory change in 2023. The EU’s Guarantee of Origins (GoOs) and GB’s equivalent Renewable Energy Guarantee of Origin (REGOs) are certificates proving the production...
Home supply and services
Market share shifts: Octopus Energy’s acquisition of Bulb accelerates growth
On Saturday 29 October BEIS confirmed it had approved the transfer of Bulb’s 1.5mn customers, as well as 650 employees, to Octopus Energy. In this week's 'Chart of the Week', we look back over time at the two suppliers and the growth Octopus Energy has seen through organic means and...
Regulation and policy
Adjustments to the Energy Bill Relief Scheme
In October, the government announced a number of adjustments to the Energy Bill Relief Scheme (EBRS) for non-domestic consumers. In this week’s 'Chart of the week', we look at the impact of the maximum discount on those businesses that have been unable to fix their energy costs.
Energy storage and flexibility
Record renewables pipeline: will investors reconsider after UK proposes green revenue cap?
News this week that the UK government is mulling over a cap on green generation revenues comes at a time when our research finds that the investment pipeline for electricity renewables generation is the highest it has ever been. In our Renewables Pipeline Tracker (RPT) service we analyse the growing...
Energy storage and flexibility
It’s a fix! BEIS floors competitive energy market
Last week saw the government announce the Energy Price Guarantee (EPG) which will see the typical dual fuel household’s unit rates capped at 34p/kWh for electricity and 10.3p/kWh for gas. Customers on fixed tariffs will get support to bring their tariffs down to the same level, up to 17p/kWh of...
Low carbon generation
Surge in value for waste-derived RGGOs
In August we published the findings from the July-22 edition of our quarterly Green Certificates Survey. The survey is designed to provide greater market transparency for Renewable Energy Guarantees of Origin (REGO), Continental Guarantees of Origin (GoOs) and Renewable Gas Guarantees of Origin (RGGO) certificate markets. In this week's ‘Chart...
