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UK investigating renewable energy power trading

 Last Update: 2021-09-12
 Source: Internet
 Author: User

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Sinochem News recently, the British Department of Business, Energy and Industrial Strategy (BEIS) announced that it will start a review of the UK's renewable energy power transactions and call on all parties concerned to provide evidence
.

All along, many British energy suppliers have to buy electricity produced elsewhere and supply it to consumers
.

For the traceability of the source of electricity, the source of electricity is usually shown through the "renewable energy certification" (REGO)

Data shows that the UK wholesale market has a sufficient amount of REGO, enough for energy suppliers to "offset" fossil fuel electricity
.

The cost of each certificate is only £1 or £2 per customer per year

ICIS pointed out that most industry players in the UK have been requesting investigations into REGO
.

Among them, the CEO of Good Energy in the United Kingdom stated: “We must correctly crack down on "green washing" power transactions, so that green power can truly support renewable energy in a meaningful way

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