Australian Energy Council Supports Renewable Electricity Guarantee of Origin Scheme
Key Ideas
- The Australian Energy Council (AEC) welcomes progress on the Renewable Electricity Guarantee of Origin (REGO) scheme, citing the growing demand for renewable electricity from corporations.
- The AEC emphasizes the importance of verifiable claims in the renewable energy sector and sees the REGO scheme as a way to ensure this verification.
- The announcement regarding the REGO scheme provides certainty to the industry post the Renewable Energy Target ending in 2030, allowing for better planning and investment in the energy transition.
- The AEC is looking forward to collaborating with the government and industry to finalize the Guarantee of Origin scheme and swiftly implement it to support green certification.
The Australian Energy Council (AEC) has expressed its support for the progress made on the Renewable Electricity Guarantee of Origin (REGO) scheme, highlighting the increasing voluntary demand for renewable electricity among corporations. The interim Chief Executive, Ben Barnes, stressed the need for verifiable claims in the renewable energy sector and stated that the REGO scheme would ensure such verification. The AEC views the green certification scheme as commercially appealing and crucial for meeting international standards for hydrogen exports. With the Renewable Energy Target scheduled to phase out in 2030, the recent announcement regarding the REGO scheme offers industry players a sense of certainty for the future, enabling better planning and investment in the energy transition. The AEC, representing electricity and downstream natural gas businesses, aims to collaborate with the government and industry stakeholders to finalize the Guarantee of Origin scheme swiftly. The AEC supports the transition to net-zero emissions by 2050 and a 55 per cent reduction target by 2035, with a commitment to driving the energy transition for the benefit of consumers.