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AGL Energy: Green energy how does it work march 2010


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AGL Energy: Green energy how does it work march 2010

  1. 1. Green EnergyHow does it work?A presentation prepared by AGL<br />For further information:<br />Simon KelleyManager Carbon Policy and<br />Tim NelsonHead of Economic Policy and Sustainability<br />
  2. 2. Assume that you are an existing customer buying a standard electricity product<br />Your retailer buys electricity from a range of generators at different times to supply you with electricity<br />It all travels down the same poles and wires to reach your house<br />Summary<br />AGL Education Series –<br />March 2010<br />AGL Energy Limited<br />
  3. 3. Now assume you buy 100% Green Power<br />Your retailer will purchase all your electricity from a renewable generator.<br />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<br />Summary<br />AGL Education Series –<br />March 2010<br />AGL Energy Limited<br />
  4. 4. Summary<br />AGL Green Energy™ is the premium green product offered by AGL<br />100% sourced from Green Power<br />Electricity is sourced from new (post-1997) renewable generators<br />Eligible generation includes solar photovoltaic (PV), wind and biomass<br />The product is Green Power accredited<br />Green Power is the only national accreditation program for renewable energy<br />it is overseen jointly by the States and Territories<br />generators can create a REC for 1 MWh of renewable energy production<br />retailers must surrender a REC for every MWh of energy sold as Green Power accredited electricity<br />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’)<br />AGL Education Series –<br />March 2010<br />AGL Energy Limited<br />