Green Energy

GREEN ENERGY

Introduction

Green Energy is produced from renewable energy sources, such as hydro-electricity, solar powered systems, wind generators, and the like. Green energy does not produce Greenhouse gas emissions, but it is slightly more expensive to generate.

All Energy Users, ie domestic, commercial, industrial, and government energy users, can purchase Green Energy as a way of providing immediate reductions in CO₂ levels for the environment.

Additional benefits of using Green Energy for Commercial and Industrial enterprises include the following, which compare favourably with more conventional methods of reducing CO₂ emissions.

Additional Benefits

Green Energy users are able to use government sponsored logos and promotional programs, which are designed to raise public awareness of their environmentally responsible practices.
Green Energy provides an opportunity to invest in renewable energies without the need for each energy user to construct and maintain highly specialised equipment and systems on site.
The use of Green Energy does not require any major capital expenditure, and the marginal additional purchasing cost involved is automatically included in a combined electricity bill.

Green Energy Credits

Green Energy is available in two forms, designated as Tier 1 and Tier 2, which are distinguished as follows:

Tier 1 Green Energy comprises pure energy sources, such as solar and wind, both of which are environmentally neutral.
Tier 2 Green Energy comprises secondary renewable energies, such as Hydro and Bagasse. Environmental factors, or the availability of fuel from a primary process, limits the availability of these energy sources in the future.

Both Tier 1 and Tier 2 energies provide the same level of CO₂ credits.

Energy Retailers

Green energy is purchased from the existing electricity retailer, and is charged at a marginal rate above the negotiated tariff. The structure of the tariff is otherwise unchanged, and load management and power factor correction benefits remain unchanged. It is the electricity retailer’s responsibility to ensure that the respective quantity of purchased electricity is derived from approved green energy sources.

An agreement for the purchase of Green Energy may be applied to a single site, any combination of sites, or at a corporate level, covering an entire property portfolio.

Minimum levels of Green Energy apply, depending on the total electricity consumption of the selected sites, and these are determined as an agreed percentage of the total gross energy consumption per annum. A combination of Tier 1 and Tier 2 energy sources is also allowed.

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