Renewable Energy Guarantees of Origin Review for Corporates

This report is a comprehensive examination of the Renewable Energy Guarantees of Origin (REGO) scheme, commissioned by BT Group. It aims to address the evolving role of REGOs in the UK electricity sector, particularly in relation to corporate electricity procurement and emissions reporting. The report investigates four critical questions: the role of REGOs in the electricity sector, their effectiveness in supporting new renewable power generation, the impact of corporate engagement with REGOs on decarbonisation efforts, and potential alternatives to the REGO scheme. The findings highlight concerns regarding transparency, environmental benefits, and the risk of greenwashing associated with the use of REGOs. The report emphasizes the need for reform to ensure that corporate emissions reporting aligns more closely with actual renewable energy procurement, thereby supporting genuine decarbonisation efforts. It serves as a factual resource for policymakers and corporates to consider the implications of the REGO market in their sustainability strategies.