We know that many businesses want cleaner electricity in their energy mix. Shell Energy offers a range of green products so that you can offset your electricity usage and other carbon emissions and achieve your energy goals sooner.
GreenPower can help you meet your sustainability targets by purchasing electricity from renewable generation. GreenPower is a national, independent scheme that offers the only government accredited renewable energy in Australia.
Shell Energy is proud to be an accredited GreenPower retailer and one of the largest suppliers to businesses in the country1.
GreenPower is simple with Shell Energy.
Firstly, match a percentage of your electricity usage (from 5-100%) with GreenPower and lock in a fixed price for your purchases to give you greater energy cost certainty.
Shell Energy will then purchase one GreenPower accredited Large-scale Generation Certificate (LGC), a tradeable environmental certificate, for each megawatt hour (MWh) of GreenPower you purchase. We surrender these certificates to the scheme regulator on your behalf.
Find out more about this renewable energy scheme by visiting the GreenPower website.
If your business consumes more than 10 gigawatt hours (GWh) of electricity each year, Shell Energy could assist you by acquiring Large-scale Generation Certificates (LGC) for voluntary surrender on your behalf. This lets you match some or all of your electricity usage by purchasing additional LGCs created from electricity generated from renewable sources.
LGCs are tradeable environmental certificates created by accredited generators (mostly wind and solar farms), with one certificate representing 1 megawatt hour (MWh) of electricity.
Electricity retailers are obliged to acquire and surrender LGCs to meet their mandatory obligations under the Large-scale Renewable Energy Target (LRET). These charges are on your regular retail electricity invoice.
For customers wanting more large-scale generation certificates to meet their energy targets, Shell Energy can assist you to acquire these certificates for voluntary surrender. To do this, we tailor a specific approach and work with you to agree a specific volume of LGCs, your length of contract, payment arrangements, and more.
We then coordinate the voluntary surrender of the LGCs on your behalf or simply transfer them to your Renewable Energy Certificate (REC) Registry account.
Carbon credits are certificates generated from carbon abatement projects and are typically used to offset carbon emissions elsewhere that are otherwise hard to avoid or reduce. Shell Energy can offer a range of domestic and international carbon offsets:
Carbon credits in Australia are known as Australian Carbon Credit Units (ACCUs) and are issued by the Clean Energy Regulator.
ACCUs are environmental certificates earned for eligible carbon emissions abatement activities, and one ACCU represents one tonne of carbon dioxide equivalent net abatement (stored or avoided). ACCUs are issued under the Federal Government’s Emissions Reduction Fund.
At Shell Energy, we can acquire and surrender ACCUs for businesses that consume more than 10 gigawatt hours (GWh) each year.
Shell Energy can offer large business energy customers retail supply arrangements where the electricity you are supplied is notionally linked to a specific renewable generator (or generators).
To do this, we sign separate contracts with you and the generator, which will save you the time and complexity of direct negotiations. You will have a fixed electricity retail rate and receive 1 Large-scale Generation Certificate (LGC) per megawatt hour (MWh) of renewable generation.
Benefits include no exposure to variable pool prices, no contracts for difference and no electricity derivative accounting requirements.
Already have a direct wholesale agreement2 with a renewable generator? Let Shell Energy assist you through our range of corporate Power Purchase Agreement (PPA) services. Specifically, we can help you get the most out of your corporate PPA through the following services:
The structure of your direct wholesale agreement will determine the power purchase agreement options available to you.
If you want to generate renewable energy on your site but don’t want the upfront capital costs, talk to us about our onsite Power Purchase Agreements (PPA).
Our expert team will design and install solar or other renewables systems on your site. And, as agreed in your PPA, we’ll deliver your cleaner energy at fixed rates.
1 Shell Energy sold 31% of total MWh of GreenPower to businesses in calendar year 2020. See report here.
2 Typically, direct wholesale agreements are financial agreements in which cash flows and/or LGCs are exchanged, but there are no retail electricity supply arrangements in place.
