Renewable Energy Guarantees of Origin (REGOs), are intended to provide transparency over the origin of the units of electricity produced from renewable generation, and to track the transfer of renewable credentials of electricity from generator to user. As the UK electricity system decarbonises, the role of REGOs requires examination, particularly as its application extends beyond the original design of the scheme. Recently, concerns have been raised around the environmental benefits being delivered through the scheme, and comparability between companies utilising REGOs as an identifier of decarbonisation, alongside rising concerns around greenwashing when using only REGOs to demonstrate decarbonisation credentials.
Our latest Insight paper, commissioned by BT Group ‘Reviewing the Future of REGOs for Corporates’ examines four key questions to understand the future role of REGOs in corporate electricity procurement and emissions reporting. These questions deliberately go beyond an assessment of whether the REGO scheme has met its original objectives, and instead focus on what more may be needed to support decarbonisation.
- What role do REGOs play in the GB electricity sector?
- Do REGOs encourage the development of new renewable energy projects?
- How does end-user participation in the REGO market affect the renewable energy transition?
- What viable alternatives to REGOs exist?
Click here to read our insight paper, ‘Reviewing the Future of REGOs for Corporates’.
This paper is based on independent research carried out by Cornwall Insight, commissioned by BT Group.
