This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
Insights

Insights

| 1 minute read

How Green is Your Energy Supplier?

Firstly, as an Octopus Energy customer, I've closely watched the company's rapid rise over the years. Their commitment to renewables is undeniably impressive, and they've undoubtedly helped millions (like me) to save money whilst reducing their carbon footprint. However, a recent article from Sifted prompted a deeper look into their green credentials.

The concept of REGO certificates was entirely new to me before stumbling across this piece and I've since dived straight down a rabbit hole. Upon investigation, it's clear that relying on these certificates is problematic. It's akin to legacy automakers back in the day who sought to scheme their way out of heavy fines and appear greener by purchasing carbon credits from Tesla. A blatant scam to mask their environmental shortcomings and a disingenuous approach that never did sit right with me.

Whilst I'm clearly not pointing the finger at Octopus - they've demonstrated immense leadership in many areas and I am a proud customer. Nonetheless, the use of REGOs raises questions about the overall green bona fides of any supplier. For me, 100% means exactly that. Anything less feels like a compromise.

At Hyperion Executive Search, our commitment to cleantech is unwavering. We're a 100% cleantech only executive search firm, prioritising impact over profit. If you're building a sustainable future and need exceptional talent, get in touch as we are with you 100% of the way and here to help your business to reach its growth objectives.

When a renewable energy generator — say a wind farm or solar park — produces energy, the UK’s energy authority, Ofgem, issues it with REGO (“renewable energy generation of origin”) certificates equivalent to the number of megawatt hours of electricity it has produced. The generator then sells those certificates to energy suppliers, to certify that the energy they’re buying is renewable.

Tags

hiring, talent, renewable energy, future mobility, cleantech