Solutions
Discover the future of renewable energy trading with Totex Markets solutions.
REGO
Renewable Energy Guarantees of Origin
The REGO scheme certifies the renewable origin of electricity in the UK, providing transparency and traceability. Each certificate corresponds to one megawatt-hour (MWh) of renewable electricity, enabling businesses and consumers to track their energy sources.
REGO, short for Renewable Energy Guarantees of Origin, is a certification scheme in the UK that offers transparency regarding the renewable origin of electricity. It provides a way to trace the portion of electricity sourced from renewable energy providers on the UK National Grid.
When a verified station generates one-megawatt hour (MWh) of renewable electricity, The Office of Gas and Electricity’, Markets, ‘Ofgem issues a corresponding REGO certificate to the generator responsible for that electricity.
These REGO certificates are a traceable record for entities like household suppliers, aligning the energy units purchased with those derived from renewable sources. The availability of REGO certificates precisely matches the quantity of renewable electricity generated and integrated into the National Grid.
The future outlook for REGOs
As consumer preference for renewable electricity grows (with nearly 60% of consumers preferring it), the demand for REGO certificates is expected to increase. This will likely lead to higher production volumes of REGOs, supporting the UK's renewable energy transition. Corporate buyers also increasingly use REGOs to offset Scope 2 emissions.
What are the advantages of REGOs for consumers?
REGOs provide the most reliable means of ensuring that electricity is sourced from renewable generation. This helps businesses and consumers track their carbon footprint while promoting the use of low-carbon energy sources.
ROC
Renewables Obligation Certificate
ROCs incentivise renewable energy generation by ensuring electricity suppliers meet renewable energy targets. Although the scheme has closed to new projects, trading of existing ROCs continues to play a critical role in supporting the UK’s renewable energy mix.
The Renewable Obligation Certificate (ROC) scheme was introduced to incentivise the generation of electricity from renewable sources. Though closed to new projects in 2017, the trading of existing ROCs continues to play a vital role in the UK's renewable energy landscape.
Under the RO scheme, licensed electricity suppliers must source a proportion of their electricity from renewable sources. For each MWh of renewable electricity produced, generators receive ROCs, which they can sell to electricity suppliers for compliance. Market dynamics such as demand and supply influence ROC prices. The scheme has successfully spurred investment in renewable technologies like wind, solar, and hydroelectric power. Though the scheme has been phased out for new projects, existing ROCs continue to be traded in large volumes, ensuring the ongoing support of renewable energy initiatives.
RTFC
Renewable Transport Fuel Certificates
RTFCs promote using renewable fuels in the transport sector, reducing carbon emissions and encouraging the adoption of biofuels and waste-derived fuels. These certificates are a vital component of the Renewable Transport Fuel Obligation.
What is RTFC?
Renewable Transport Fuel Certificates (RTFCs) are used to track and incentivize the use of renewable fuels in the transport sector, under the Renewable Transport Fuel Obligation (RTFO).
How does the scheme operate?
Fuel suppliers are obligated to report the volume of renewable fuels supplied, earning RTFCs for each liter of eligible renewable fuel delivered. These certificates are used to demonstrate compliance with the RTFO, encouraging the adoption of biofuels and reducing carbon emissions in the transport sector. The RTFO aims to lower the carbon intensity of transport fuels and support the UK’s emission reduction targets by promoting sustainable biofuels and waste-derived fuels.
GOO
Guarantees of Origin
GOOs are European certificates that ensure the renewable origin of electricity. They enable cross-border renewable energy trade within the EU and EEA, supporting transparency and compliance with sustainability goals.
What is a GoO?
The Guarantee of Origin (GoO) is a European certification scheme ensuring the traceability of renewable electricity within the EU and EEA. It allows consumers to verify that the electricity they purchase comes from renewable sources.
How does the scheme operate?
Renewable energy generators are issued GoOs for each MWh of renewable electricity produced. These certificates enable consumers and businesses to confirm that the electricity they purchase originates from renewable sources, thereby promoting transparency and encouraging the use of green energy. The GoO scheme is implemented across all EU member states, as well as in Norway, Iceland, and Liechtenstein, helping to meet the EU's renewable energy targets and promote a sustainable energy transition.
VCM
Voluntary Carbon Market
The Voluntary Carbon Market (VCM) offers a flexible and impactful solution for entities seeking to reduce their greenhouse gas (GHG) emissions. Through the purchase of voluntary carbon credits, businesses, governments, and individuals can offset emissions by supporting projects that remove, reduce, or avoid one metric ton of CO₂ or equivalent GHGs. These projects range from reforestation to renewable energy and carbon-capture innovations. Once a credit is retired, its environmental impact becomes permanent and measurable.
What is the Voluntary Carbon Market (VCM)?
The Voluntary Carbon Market allows businesses and individuals to offset their unavoidable carbon emissions by purchasing carbon credits. These credits are issued to projects that either reduce, remove, or avoid the emission of greenhouse gases (GHGs), such as reforestation or renewable energy initiatives.
How does the scheme operate?
Each carbon credit represents one metric ton of CO2 or equivalent GHG reduced, avoided, or removed from the atmosphere. Once a carbon credit is used to offset emissions, it is retired and is no longer tradable. Voluntary carbon markets are unbound by national borders, making them accessible to sectors worldwide. As of 2024, the VCM is growing significantly, with the market expected to be worth $50 billion by 2030.
Why Choose Totex Markets?
Totex Markets isn’t just a trading platform; it’s your partner in achieving better outcomes for renewable energy and carbon trading. Here’s what sets us apart:
Transparency
Gain a complete market picture with actionable insights at your fingertips.
Efficiency
Execute trades instantly or place custom orders to optimise your strategy.
Flexibility
Trade multiple certificate types to suit your energy needs.
Innovation
Advanced analytics to support informed decisions.
FAQ
Frequently Ask Questions
Totex Markets is a comprehensive platform that provides innovative solutions for trading renewable energy certificates and carbon credits. We offer transparency, efficiency, and sustainability to help businesses and individuals meet their energy and sustainability goals.
The REGO scheme certifies that electricity in the UK is sourced from renewable energy. Each REGO certificate corresponds to one megawatt-hour (MWh) of renewable electricity, ensuring businesses and consumers can track and verify their energy sources.
ROCs are certificates issued to incentivise the generation of renewable energy. They ensure that electricity suppliers meet renewable energy targets. Although new projects no longer participate, the trade of existing ROCs continues to support the UK's renewable energy mix.
RTFCs support the use of renewable fuels in the transport sector, promoting reduced carbon emissions and encouraging the adoption of biofuels and waste-derived fuels. They are essential for the Renewable Transport Fuel Obligation, which drives sustainability in the transport industry.
GOOs are European certificates that verify the renewable origin of electricity. These certificates enable cross-border renewable energy trading within the EU and EEA, ensuring transparency and compliance with sustainability goals.
The Voluntary Carbon Market (VCM) allows businesses, governments, and individuals to offset greenhouse gas emissions by purchasing carbon credits. These credits support environmental projects such as reforestation, renewable energy, and carbon capture. Once retired, the carbon credits represent a permanent and measurable environmental impact.
Totex Markets offers a powerful trading platform that combines:
- Transparency: Access to live market data and actionable pricing insights.
- Efficiency: A streamlined trading and settlement interface.
- Flexibility: The ability to trade multiple certificate types based on your needs.
- Innovation: Advanced analytics to help you make informed trading decisions.
Totex Markets provides solutions to help you track renewable energy usage, trade carbon credits, and offset emissions. Whether you’re focused on regulatory compliance or striving to meet sustainability targets, our platform is designed to support your environmental initiatives.
