In recent years, the United Kingdom has been making significant strides towards a cleaner and more sustainable future. One of the key components of this transition has been the increasing adoption of Renewable Energy Guarantees of Origin (REGOs). REGOs serve as certificates that prove the electricity consumed comes from renewable sources. While this has been a positive step towards reducing carbon emissions, there's a growing concern over the increasing costs associated with REGOs in the UK. In this article, we'll explore the factors driving the surge in REGO prices and its implications, as well as the current and future state of the market.
The Renewabl team has conducted an analysis of the REGO market, encompassing the government's perspective on the future of REGOs, their impact on EU legislation, the recent price surge and the potential for 24/7 hourly certificates.
