What is a Renewable Energy Guarantees of Origin (REGO).

What is a RenewableEnergy Guarantees of Origin (REGO).

REGOs are used to demonstrate that aspecific volume of energy supplied has been produced from renewable sources.   In Australasia this will specifically beapplied to the generation of energy from renewable sources such as Solar, Wind,Geothermal and Hydropower.

Key Features of the REGO:

Purpose:

• It provides transparency to consumers about the renewable origin of their energy.
• It helps energy suppliers prove their compliance with renewable energy obligations.

How it Works:

• A REGO is issued for a specific megawatt-hour (MWh) of renewable electricity generated.
• These certificates can be traded independently of the physical electricity, meaning the renewable attribute can be transferred to another party.

Benefits:

• Encourage the generation and consumption of renewable energy.
• Provides a mechanism for tracking and proving renewable energy claims.
• Increases consumer confidence in renewable energy products.
• Provides an additional premium for renewable energy and as a result helps the economic case for investment in renewable energy generation.

Management:

• REGOs are managed by relevant national bodies or registries in each country. For example:
  • In Australia the Clean Energy Regulator (CER) is introducing the REGO scheme as a granular replacement for the existing LGC and REC schemes which are considered no longer fit for purpose .

Practical Applications:

• Renewable energy producers register generation facilities  for REGOs to certify their output.
• The renewable energy generators are then issued with REGOs to support their green energy production and can sell the REGOs to monetarise the value.
• Consumers purchase REGOs to back their claims of operating on renewable energy, aligning with sustainability goals, thus avoiding carbon emissions as part of their Scope 2 climate reporting obligations.

If you're exploring the renewable energyspace, understanding REGO systems is crucial for navigating compliance, tradingrenewable attributes, and meeting consumer expectations for sustainable energysourcing