Green energy policy
Twenty Energy buys electricity, in the wholesale market, to supply the homes of its customers. We must ensure that we buy enough to meet the demand of our customers and that we do so at the right price. But, where does the electricity come from? Government statistics show that, in 2018, electricity consumed in the UK came from a range of sources – from conventional power stations (gas, nuclear power and coal) to different types of renewable energy (wind and solar power being prominent). This means that, at any given time, the electricity that you use at home comes, via the grid, from a range of different sources – a ‘mix’.
That mix includes renewables and they are growing. In the summer of 2018, it was well publicised that electricity from solar power broke records, although wind power produced less than the year before – a summer with lots of sunshine but less wind than in 2017.
Within the electricity system, of course, there always has to be enough production to meet demand. At present, there is not enough renewable energy capacity to supply the whole of the UK and even though that capacity is increasing, sources of power which deliver electricity only in the right weather conditions (wind and solar, for example) need alternatives to be available to keep the country supplied. Currently, with coal powered stations closing, it tends to be gas-fired and nuclear power stations that keep the lights on.
But, the growth of renewable energy has been truly remarkable and Twenty Energy wants to be a part of this revolution and encourage it further. With that in mind, we will be looking to support electricity generated from renewable sources and each year we will buy Renewable Energy Guarantee of Origin (‘REGO’) certificates to cover a proportion of the electricity consumed by our customers. We plan to increase that proportion year-by-year and at the end of each year, we shall let our customers know how much we have bought. We want to play our part in the transition to cleaner sources of energy.