UK companies start to track renewables 24/7 to curb greenwashing

To avoid greenwashing taking place when companies buy origination certificates for green power sometimes up to a whole year old, a group of energy players in Britain have agreed to buy green electricity with hourly time stamps to best reflect physical flows.

Photo: Brian Snyder/Reuters/Ritzau Scanpix

A dozen utilities will take part in a new UK trading platform, seeking to overcome accusations of greenwashing that have undermined the credibility of renewable energy certificates.

TotalEnergies, Ovo Energy Ltd and Brook Green Supply Ltd are among the 12 utilities that agreed to buy hourly energy certificates on the platform launched by Nordpool ASA and startup Granular SAS. The utilities then plan to sell the power onto customers, providing more transparency over when and where the green energy they’re buying is produced.

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