Renewable Energy Guarantees of Origin (REGOs)
Streamline your Renewable Energy Guarantees of Origin (REGOs) for robust data management and optimal sustainability reporting.
What Are Renewable Energy Guarantees of Origin?
Renewable Energy Guarantees of Origin certificates are a market-based instrument in the UK that certify the generation of 1 megawatt-hour (MWh) of electricity from renewable sources, such as wind, solar, or hydroelectric power, and its injection into the power grid. Energy buyers can purchase REGOs to support and claim their use of renewable energy. These certificates can be acquired alongside physical electricity (bundled) or separately (unbundled) from the actual power purchase.
Similar schemes exist in different regions, They are called Guarantees of Origin (GOs) in Europe, Renewable Energy Certificates (RECs) in the US and International Renewable Energy Credits (I-RECs) in most of Latin America, Africa, and Asia. The global term for all of these certificate schemes is energy attribute certificates (EACs).
How Do REGOs Work?
One REGO (renewable energy guarantees of origin certificate) is issued per megawatt-hour (MWh) of eligible renewable output from generators of renewable electricity. Energy buyers must purchase (or “retire”) enough REGOs to match their consumption volumes,to claim 100% renewable energy usage.
How Are REGOs Used in Sustainability Accounting?
When reporting to both voluntary and mandatory schemes like CDP, RE100 or CSRD, REGOs and other EACs are used to substantiate renewable energy claims. Disclosing businesses need to match their volume of electricity consumption with the same volume of valid REGOs or other EACs globally to claim to be 100% renewable.
How to Manage Your Portfolio of REGOs with Flexidao
At Flexidao, we know that accurate REGO renewable energy guarantees of origin management is essential for meeting stringent reporting standards.
Our platform simplifies REGO management by acting as a “registry of registries”. It integrates with both online and offline registries to consolidate all REGO and other global EAC data on a single platform. This provides better visibility for organizations managing global electricity portfolios and allows for more effective compliance planning to meet disclosure standards. Flexidao also simplifies REGO allocation by automating complex calculations, ensuring optimal, audit-ready results for global clean electricity reporting and compliance with standards like RE100 and CDP.
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