I still don't understand why REGOs are so bad, can someone try to explain?
I've been with Octopus for about 3 years and obviously they call their LX 100% green, and have lots of pages justifying this claim on their site.
Before going any further, I am fully aware that a lot of the energy bought by Octopus, and entered into the Grid for the purpose of my LX consumption, has not been generated from a sustainable source.
Unless I have misunderstood, REGOs are a way of, if not "overcoming" that issue, at least trying to neutralise it. I have read this Ecotricity page on the subject, and I still don't understand. In particular I don't understand why REGOs are (said to be) so cheap.
Is the key to understanding this issue that there are vast numbers of consumers (perhaps not just domestic consumers) who don't give a toss what kind of source their energy is coming from? Otherwise, wouldn't each precious kWh from sustainable sources be carefully bought by the various consumers (of all kinds) up and down the country? How come vast amounts of REGOs are being produced (e.g. by a given windfarm somewhere) and are nevertheless cheap as chips, in 2023?
NB I've also got the impression that there's an international dimension to this which may make things even more impenetrable.
If my description of this situation is anything like close to the truth, this would imply that the reasoning behind "Level 3" on the Ecotricity page is puzzingly disingenuous. In the sense that it's a diversion to imagine that suppliers MUST generate their own LX. In reality, if all consumers across the board were demanding LX from sustainable sources, the price of REGOs would rise and create demand for construction of new renewable capacity. So the real question would then be: who are these consumers who can't give a toss about sustainable LX?
If you speak from a position of knowledge about these matters I'd be happy to hear what you have to say.
★ ★ ★ Meet your Ambassadors
- All Categories
- 338.8K Banking & Borrowing
- 248.6K Reduce Debt & Boost Income
- 447.5K Spending & Discounts
- 230.7K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 171K Life & Family
- 243.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards