A group of leading UK businesses has joined Climate Group in calling on Energy Secretary Ed Miliband to accelerate reform to the current Renewable Energy Guarantees of Origin (REGO) scheme.
The signatories – BT Group, British Land, Coca-Cola Europacific Partners, EnergyTag, Good Energy, Google, Pearson, Unilever, Unite Students, Vodafone UK and Virgin Media O2 – ask for reform to unlock more investment in renewable generation capacity, increase energy security and to bring down costs to support the decarbonisation of the UK grid.
The policy summary on REGO reform published by Climate Group today (Tuesday 17 September), sets out three areas which could transform the current system. The recommendations have been backed by large corporates with UK operations using high levels of renewable electricity and energy sector stakeholders.
- Greater transparency in pricing
- More accurate electricity matching
- Boost renewable capacity
Climate Group’s recommendations could transform REGOs from a simple energy authentication receipt mechanism to a positive opportunity to drive further decarbonisation of the UK grid.
Download the policy paper below:
Unlocking Corporate Investment in UK Renewables.pdf
Size: 585.24 KB
Date added: 17/09/24
