More and more companies are opting to transition towards renewable electricity, and the energy sector is going under a large transformation as a result. A significant part of this transformation is increasing the share of renewable energy feeding into the electricity system.
Whilst some companies can power their operations through generating their own energy (for example rooftop solar), most companies need to get at least some of their electricity from the grid.
For us to be able to track just how much renewable energy is fed into the electricity grid, Renewable Energy Certificates (also referred to as RECs) with a unique number are assigned for every megawatt hour (MWh) created from renewable technologies (like solar panels or wind turbines).
Here in Australia, the two types of RECs are called small-scale technology certificates (STCs) and large-scale generation certificates (LGCs). For felix to be able to say that we’re powered by 100% renewable electricity, we’ve purchased enough LGCs that equate to the total grid electricity (MWh) that felix consumes in a year.
As we welcome more customers to felix, we look forward to increasing our purchase of renewable electricity and helping to incentivise the growth of renewable electricity in Australia.
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