Some energy firms are “misleading” customers by selling renewable energy tariffs without directly sourcing green electricity, consumer watchdog Which? has warned today. With concern rising over the climate crisis, increasing numbers of households are switching to green energy tariffs. But according to Which?, rather than generate the renewable electricity themselves or source it directly from a wind farm or solar plant as consumers expect, some energy firms are buying up cheap renewables certificates to meet their green tariff promises. REGOs are much cheaper than contracting for green electricity directly, with energy firms able to buy enough REGOs to cover a customer’s annual usage for as little as £1.55. By contrast, firms such as Ecotricity and Good Energy charge a higher price for green tariffs, but contract or generate the power themselves. “For too long the conversation around energy suppliers has ignored the quality of the product – how energy is sourced and its impact on the planet,” said Juliet Davenport, CEO and Founder of Good Energy.
Business Green 27th Sept 2019 read more »