A REGO (Renewable Energy Guarantee of Origin) is a certificate similar to the Guarantee of Origin certificate but used in the United Kingdom.
The UK used to be part of a scheme in the European Union to validate proof of green flow, however since the UK is no longer part of the European Union, a separate REGO certificate is used to Guarantee of Origin certificates in Europe. They cannot be exported or redeemed in Europe, however certain types of European Guarantee of Origin certificates can be redeemed in the UK until April 2023.
A REGO (Renewable Energy Guarantee of Origin) is a certificate similar to the Guarantee of Origin certificate but used in the United Kingdom. Renewable electricity Generators in the UK if registered with Ofgem can produce an amount of these certificates corresponding to their power output. REGO certificates provide transparency on the electricity supplied coming from the National Grid. For 1MWh (megawatt hour) of renewable electricity produced one REGO certificate is issued by Ofgem to the generator of that electricity. The number of REGO certificates available matches the exact amount of renewable electricity produced and put into the National Grid. Energy supplier and corporates are the main buyers and redeemers of these certificates. REGO certificates are redeemed on an electrical registry, once only so double counting cannot occur.
Greenhouse Gas Emissions Reduction
REGO certificates are part of a voluntary system that complies with the Greenhouse Gas Protocol Scope 2 Guidelines. They can be used to reduce your Greenhouse Gas Emissions and increase your sustainability ratings. REGOs once redeemed can be used as verifiable documentation for a sustainability or environmental report. Macht Trading is a market leader in the UK which offers REGO certificates from a variety of technology and sources.
REGO certificates play a vital role in bringing extra funding to generators in the UK, with every REGO certificate sold, money is re-invested back into current and new renewable production. Renewable generators have in 2021 made nearly 5x more profit from their renewable energy their sold, partly due to the increase in price of REGOs. The REGO certificate is imperative to help develop the UK renewable energy generation.
Macht Renewables is a sustainable solution company based in London, serving clients across the UK and around the world. As experts in ESG and sustainability, we’re passionate about helping our clients achieve their sustainability goals.