REGOs are emerging as part of a broader shift in how renewable electricity is evidenced, matched and valued in Australia. This article looks at how demand, supply and price may begin to form as that market develops.
Australia’s clean electricity market is starting to pay closer attention to when renewable electricity is generated, how it is matched to consumption, and how claims about clean electricity use are substantiated. That shift is unlikely to happen all at once and some market participants remain sceptical about how quickly Australia will move toward more granular matching.
Even so, the broader direction of travel is becoming harder to ignore as reporting pressures, emerging renewable electricity certification schemes, and trade-linked expectations place more weight on time-matched electricity claims.
In Australia, Renewable Electricity Guarantees of Origin (REGO) certificates are issued under the voluntary Guarantee of Origin framework. REGOs are intended to bring more granular evidence of when and where renewable electricity was generated, first alongside LGCs and STCs and then in the post-2030 market. The scheme is now in operation while detailed methodologies and supporting design continue to evolve through consultation.
The broader demand picture also includes trade- and reporting-linked pressures, including Europe’s Carbon Border Adjustment Mechanism (CBAM) and other similar schemes.
It is not expected that demand will emerge evenly across the market, or that every buyer will suddenly seek fully time-matched renewable electricity. It is becoming clear, however, that claims about renewable electricity use are likely to face closer scrutiny, and that stronger evidence of when, where, and how electricity was generated is becoming more commercially relevant.
Seen through this lens, REGOs are part of a wider shift in how renewable electricity is evidenced and valued.
This article explores how demand, supply and price may begin to form around REGOs as this market develops, and what that could mean for procurement, investment and market positioning over time.
It covers:
• Where stronger interest in more granular renewable electricity claims may begin to form
• What kinds of renewable and storage-backed supply may shape the market
• How timing, participation and scarcity could begin to influence value
• What those signals could mean for participants trying to understand where clean electricity markets are heading next
What will shape the REGO market - and why it matters now
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