AGL Energy: Green energy how does it work march 2010
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AGL Energy: Green energy how does it work march 2010 Presentation Transcript

  • 1. Green EnergyHow does it work?A presentation prepared by AGL
    For further information:
    Simon KelleyManager Carbon Policy and Regulationskelley@agl.com.au
    Tim NelsonHead of Economic Policy and Sustainability tanelson@agl.com.au
  • 2. Assume that you are an existing customer buying a standard electricity product
    Your retailer buys electricity from a range of generators at different times to supply you with electricity
    It all travels down the same poles and wires to reach your house
    Summary
    AGL Education Series – www.aglblog.com.au
    March 2010
    AGL Energy Limited
  • 3. Now assume you buy 100% Green Power
    Your retailer will purchase all your electricity from a renewable generator.
    Because other customers may still be purchasing non renewable electricity, the actual electricity reaching your house may not be 100% renewable but your actions have resulted in your retailer buying more renewable and less conventional energy
    Summary
    AGL Education Series – www.aglblog.com.au
    March 2010
    AGL Energy Limited
  • 4. Summary
    AGL Green Energy™ is the premium green product offered by AGL
    100% sourced from Green Power
    Electricity is sourced from new (post-1997) renewable generators
    Eligible generation includes solar photovoltaic (PV), wind and biomass
    The product is Green Power accredited
    Green Power is the only national accreditation program for renewable energy
    it is overseen jointly by the States and Territories
    generators can create a REC for 1 MWh of renewable energy production
    retailers must surrender a REC for every MWh of energy sold as Green Power accredited electricity
    Therefore, RECs used to supply customers with Green Power cannot be used by AGL to meet its overall RET target (i.e. no ‘double dipping’)
    AGL Education Series – www.aglblog.com.au
    March 2010
    AGL Energy Limited