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.
