{"id":63451,"date":"2022-07-15T06:07:05","date_gmt":"2022-07-14T19:37:05","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=63451"},"modified":"2022-07-15T06:08:08","modified_gmt":"2022-07-14T19:38:08","slug":"australia-greenpower-consultation-mb2555","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/","title":{"rendered":"The Future Of Australia’s GreenPower Program"},"content":{"rendered":"

\"GreenPower<\/p>\n

A long-running scheme providing renewable energy to Australian households and businesses via electricity retailers is going to need some nips and tucks.<\/p>\n

GreenPower<\/a> is program available nationally enabling electricity customers to ensure their mains grid use is matched with power from verified renewable electricity sources. The program has been around since 1997 and claims to have facilitated more than $1 billion investment back into renewable energy projects.<\/p>\n

GreenPower is based on LGCs (Large-Scale Generation Certificates). One GreenPower LGC can be created per megawatt hour (MWh) of eligible renewables-based electricity generated. GreenPower accredits electricity retailers to purchase and surrender (retire) LGCs, who are audited annually to ensure they are playing by the rules.<\/p>\n

The National GreenPower Steering Group wants the program to move with the interesting times we live in. Following an independent review<\/a> of the program by consultancy Common Capital, a consultation paper<\/a> seeking feedback from interested parties – including the general public – has been released.<\/p>\n

\u201cWe\u2019re seeking input on how GreenPower can respond to recent market changes and continue to help consumers access accredited energy that is 100% renewable\u201d, said Tim Stock<\/a>, Chair of the National GreenPower Steering Group.<\/p><\/blockquote>\n

While stating GreenPower was still “relevant and appropriate”, the review of the program found its current design is struggling to deliver additional renewable energy as a result of significant changes in renewable policy and the market, which is experiencing an oversupply of LGCs.<\/p>\n

Another challenge has been corporations drifting away from GreenPower and making their renewable energy purchases outside of the program – primarily through power purchase agreement (PPA) options linked to specific projects such as utility-scale solar farms.<\/p>\n

A Shift In GreenPower Focus Recommended<\/h2>\n

Among its recommendations, Common Capital says GreenPower should reposition itself to focus on the residential and Small-To-Medium Enterprise (SME) markets; which generally don’t have access to PPAs. It also says these groups are being impacted by “greenwashing” from electricity retailers offering “carbon neutral” energy products.<\/p>\n

“Purchasing carbon credits to offset scope 2 emissions is not considered best practice and GreenPower can play an important role in this space by providing a genuine, premium, certified renewable energy product,” says the firm.<\/p><\/blockquote>\n

Scope 2 greenhouse gas emissions are those created from the indirect consumption of an energy commodity; for example, buying electricity that has been generated by a coal-fired power station.<\/p>\n

Consultation submissions close 5pm (AEST) on 15 August 2022, and there will be a Q&A webinar on July 28. Further details can be found here<\/a>.<\/p>\n

Home Solar Power Vs. GreenPower<\/h2>\n

So, which makes more financial sense – GreenPower or installing a solar power system on your home? In a nutshell, the latter.<\/p>\n

GreenPower will cost you money as it’s an additional charge – around 3 to 8 cents per kWh on top of your current electricity consumption rate. I currently pay 2.80c\/kWh extra.<\/p>\n

Installing solar panels<\/a> will save you money1<\/a><\/sup>. But for solar households really keen on further supporting renewables in Australia, they could use GreenPower to address their portion of fossil-fuel based electricity still consumed from the grid, which may work out to be reasonably cheap over a year. For a more in-depth discussion about the two, see GreenPower Vs. Rooftop Solar<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A long-running scheme providing renewable energy to Australian households and businesses via electricity retailers is going to need some nips and tucks.<\/p>\n","protected":false},"author":17,"featured_media":63452,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-63451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nThe Future Of Australia's GreenPower Program - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"A scheme providing renewable energy to Australian households and businesses via electricity retailers is going to need some nips and tucks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Future Of Australia's GreenPower Program\" \/>\n<meta property=\"og:description\" content=\"A scheme providing renewable energy to Australian households and businesses via electricity retailers is going to need some nips and tucks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-14T19:37:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-14T19:38:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/greenpower-consultation.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"The Future Of Australia’s GreenPower Program\",\"datePublished\":\"2022-07-14T19:37:05+00:00\",\"dateModified\":\"2022-07-14T19:38:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/\"},\"wordCount\":551,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/greenpower-consultation.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/australia-greenpower-consultation-mb2555\/\",\"name\":\"The Future Of Australia's GreenPower Program - 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Heritage has roots dating back to 1875 and says it's one of the largest customer owned banks in Australia.\u00a0 It recently adopted an Environmental, Social and Governance Policy framework that sets\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Heritage Bank - GreenPower","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/heritage-bank-greenpower.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/heritage-bank-greenpower.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/heritage-bank-greenpower.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/heritage-bank-greenpower.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/heritage-bank-greenpower.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":35450,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-energy-busselton-mb1319\/","url_meta":{"origin":63451,"position":2},"title":"More Solar Energy For WA’s City Of Busselton","author":"Michael Bloch","date":"December 5, 2019","format":false,"excerpt":"Western Australia's City of Busselton Council says it is expecting a 2-3 year payback on its latest solar power system installations. The City of Busselton is a local government area (LGA) approximately 230 kilometres south of Perth. It's home to 36,686 people (Census 2016) and its two largest towns are\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"City of Busselton - solar power","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/busselton-solar-panels.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/busselton-solar-panels.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/busselton-solar-panels.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/busselton-solar-panels.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/busselton-solar-panels.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":19484,"url":"https:\/\/www.solarquotes.com.au\/blog\/university-newcastle-solar-mb0480\/","url_meta":{"origin":63451,"position":3},"title":"More Solar Power For University Of Newcastle","author":"Michael Bloch","date":"February 26, 2018","format":false,"excerpt":"2018 will see Australia's University of Newcastle (UON) boost its solar power street cred significantly with more PV to be installed at its Callaghan and Ourimbah campuses. A $4 million 2-megawatt project to be carried out this year will result in more than 6,000 solar panels installed across approximately 25\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar Energy - University of Newcastle","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/solar-panels-newcastle.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/solar-panels-newcastle.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/solar-panels-newcastle.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/solar-panels-newcastle.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":229,"url":"https:\/\/www.solarquotes.com.au\/blog\/which-electricity-company-pays-the-most-for-your-solar-electricity\/","url_meta":{"origin":63451,"position":4},"title":"Which Electricity Company pays the most for your solar electricity?","author":"Finn Peacock","date":"October 25, 2010","format":false,"excerpt":"Update: Feb 27 2015:\u00a0Please note the date on this blog post is October 2010 - so the information is out of date. The best way to find good electricity tariff deals for solar owners in 2015\u00a0is the surprisingly good government website: www.energymadeeasy.gov.au Go to that website, click on the red\u2026","rel":"","context":"In "Solar Installation"","block_context":{"text":"Solar Installation","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-installation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57878,"url":"https:\/\/www.solarquotes.com.au\/blog\/embedded-networks-renewables-mb2316\/","url_meta":{"origin":63451,"position":5},"title":"Victorian Embedded Networks Review Complete","author":"Michael Bloch","date":"January 17, 2022","format":false,"excerpt":"An end to new residential embedded electricity networks - but with a renewable energy exemption - and reform of existing networks are a step closer in Victoria. What Is An Embedded Network? An embedded network is a private electricity network servicing multiple end-consumer premises - such as in an apartment\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Embedded networks review - Victoria","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/embedded-electricity-networks-review.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/embedded-electricity-networks-review.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/embedded-electricity-networks-review.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/embedded-electricity-networks-review.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/embedded-electricity-networks-review.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/63451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=63451"}],"version-history":[{"count":7,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/63451\/revisions"}],"predecessor-version":[{"id":63459,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/63451\/revisions\/63459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/63452"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=63451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=63451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=63451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}