Shell Energy launches new platform to help businesses meet their renewable energy targets

Large commercial and industrial businesses will be able to take charge of their renewable energy targets more easily via a new platform being launched by Shell Energy.

With Renewable Energy Contracting Options (RECO), business customers can progress towards their renewable energy targets by making RECO purchases and Shell Energy will surrender Large-scale Generation Certificates (LGCs) matched to their chosen percentage of electricity volume on the platform.

The new platform will also allow customers to make purchases linked to a specific large-scale renewable energy project within Shell Energy’s portfolio and generate data to assist with reporting on the Shell Energy portal.

“Australian businesses are increasingly setting ambitious targets to reduce or eliminate carbon emissions, under national and global schemes such as RE100, Climate Active and Science-Based Targets Initiatives,” Shell Energy Australia CEO Tony Keeling said.

“RECO is an innovative platform that takes the complexity out of renewable energy and is another way we are helping our customers on the road to their net zero emissions targets.

“Shell Energy has a proven track record in delivering innovative solutions for customers to take control of their energy usage and costs, including our STEP (Strategically Timed Electricity Procurement) platform where customers can lock in energy prices when prices are lower. RECO is an example of how we’re providing the energy our customers need today, while helping them navigate the energy transition.”