by Australian Energy Council
Energy Peak Body Welcomes Progress on Renewable Electricity Certification Scheme
The peak body for electricity generators and retailers, the Australian Energy Council (AEC), has welcomed the announcement today of progress on the Renewable Electricity Guarantee of Origin (REGO) scheme.
The AEC’s interim Chief Executive, Ben Barnes, said, “There is growing voluntary demand from corporations for renewable electricity. It is important that these claims are verifiable, and the REGO scheme will ensure just that.
“A green certification scheme has strong practical, commercial appeal.
“International markets are mobilising around strict standards for hydrogen exports and want confidence green hydrogen is produced with truly renewable electricity.
“With the Renewable Energy Target set to wind down in 2030, this announcement today provides certainty to industry that there will be an enduring mechanism for green certification, allowing for better planning and investment in the energy transition.
“We look forward to seeing the Government’s final design for its Guarantee of Origin scheme and working with industry to ensure a swift implementation.”
About the Australian Energy Council
The Australian Energy Council is the peak industry body for electricity and downstream natural gas businesses operating in the competitive wholesale and retail energy markets. AEC members generate and sell energy to 10 million homes and businesses and are major investors in renewable energy generation. The AEC supports reaching net-zero by 2050 as well as a 55 per cent reduction target by 2035 and is committed to delivering the energy transition for the benefit of consumers.
Related News
Transition Blueprint Highlights Need to Manage Affordability
Affordabilityremainsthe key to ensuring public confidence and ongoing community support for the energy transition, according to the peak body for energy generators and retailers, the Australian Energy Council(AEC).
Affordability Key to Successful Energy Transition: Report
Affordability is the key to ensuring public confidence and ongoing community support for the energy transition, which is now delicately balanced, according to the Chief Executive Officers of Australia's major energy companies.
Statement on Solar Sharer
The peak body for electricity retailers, the Australian Energy Council, said it was disappointed by the Government's lack of consultation on its Solar Sharer announcement.
Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.