Choose LifeGreen24, our 100% carbon neutral electricity plan for a better tomorrow.
Senoko Energy will purchase Renewable Energy Certificates (RECs) generated from solar generation facilities in Southeast Asia.
Based on your electricity consumption at home, we will consolidate your carbon emissions and retire an equivalent number of RECs on a yearly basis under Senoko's Take Charge Programme. The carbon emissions from your electricity consumption at home will hence by offset against these renewable energy sources.
An annual report consisting of the RECs serial number, date of claim and approximate equivalent carbon dioxide reduction will be emailed to you every year in August.
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Renewable Energy Certificates (RECs) are tradable green energy attributes that represent electricity generated from renewable energy generation facilities.
Electricity can be generated from renewable and non-renewable sources. Once electricity enters the power grid however, it blends with all other electricity sources so there is no way to know exactly what energy source your electricity comes from.
RECs therefore represent the clean energy attributes of renewable electricity. 1 REC represents one megawatt hour (1,000kWh) of energy generated from a clean, renewable source, such as wind, solar, hydro, or certain types of renewable biomass. Since these renewable energy resources induce no carbon as they produce energy, they can indirectly offset the carbon emission produced by the electricity consumed in your household.
There RECs are validated and issued through accredited RECs platform which are recognised by international registries.
Our LifeGreen24 plan enables your electricity consumption to be 100% carbon neutral; for every 1MWh you use under our LifeGreen24 plan, Senoko Energy promises to purchase (and retire) the equivalent number of Renewable Energy Certificates (RECs) issued by a global registry called TIGR-APX. APX Inc is a leading provider of infrastructure solutions to the environmental and energy markets and they support voluntary renewable energy markets through the Tradable Instruments for Global Renewables or TIGRs registry (https://apx.com/tigrs-overview).
The RECs purchased (and retired) by Senoko Energy under our LifeGreen24 plan are generated by solar in Southeast Asia. The carbon emissions from your electricity consumption at home will hence be offset against renewable energy production from these renewable sources.
Our LifeGreen24 plan cost higher than our standard electricity plans because it takes into account the cost of Senoko Energy's purchase of RECs to offset your home's carbon emission. By choosing to sign up for our LifeGreen24 plan, you are indirectly encouraging more renewable assets to be planted and your commitment will go a long way towards funding such renewable projects in the region.
Senoko Energy will retire all RECs in Senoko Energy's Take Charge Programme. In our annual report to you every August, emailed to your registered email address with us, we will provide you with details such as serial number, date of claim and approximate equivalent carbon dioxide reduction.
RECs and Carbon Credits are two different instruments.
Carbon credits refer to a tradeable permit that allows a company to emit a certain amount of carbon dioxide or equivalent greenhouse gases; this permit allow s them to emit one tonne of carbon dioxide or equivalent amount of a different greenhouse gas. If a company uses fewer credits than it has (bought), it can trade and sell its credits to other parties who need it (i.e. carbon offsetting).
RECs, on the other hand, are the legal instruments used in renewable electricity markets to account for renewable electricity and its attributes whether that renewable electricity is installed on an organisation's facility or purchased from elsewhere. The owner of a REC has exclusive rights to the attributes of one megawatt-hour (MWh) of renewable electricity and may make unique claims associated with renewable electricity that generated the REC (e.g. using or being supplied with a MWh of renewable electricity, reducing the emissions footprint associated with electricity use).