First of all, Greenpeace ranked Powershop as Australia’s greenest power company (2014, 2015 & 2018). We undertake various activities to provide a cleaner alternative for our customers, some of which are set out below:
Powershop aims to put our customers back in control of their electricity usage. Through our online tools and mobile app, we are empowering customers to know how much electricity they are using, and what it costs as they use it, so they are more conscious consumers.
Your ability to reduce your energy use is the best thing you can do to reduce your environmental impact: using less power is good for the planet and good for your pocket.
Powershop is backed by Meridian Energy, Australasia’s largest 100% renewable energy producer with no investments in fossil fuel resources.
Powershop provides a range of GreenPower products for those who want to give increased support to renewable energy generation in Australia.
Powershop is Australia’s first and only 100% carbon neutral electricity retailer.
Why is Powershop carbon neutral?
No matter which energy retailer you buy your electricity from, it all comes from the same central pool of electricity because energy retailers in Australia all buy their electricity from the National Electricity Market. We can’t control which electrons are delivered to your home or business, so Powershop has chosen to offset 100% of the carbon emissions associated with our customer’s electricity use. This means that all the electricity used by Powershop’s customers has been completely offset, at no extra cost to them.
How is Powershop carbon neutral?
Powershop offsets all of the carbon associated with its own operations and its customers’ energy usage drawn from the National Electricity Market. To do this, Powershop purchases an equivalent number of United Nations Certified Emission Reduction certificates (UNCERs) from sustainable energy projects around the world. These have been developed under the Kyoto Protocol’s Clean Development Mechanism, of which Australia is a signatory. As carbon emissions are a global issue, we have chosen global certificates which we provide at no additional cost to our customers.
What if I buy GreenPower?
Fantastic! All of your consumption is still offset with UNCERs and in addition an equivalent number of Renewable Energy Certificates are surrendered which furthers investment in Australian renewables.
Does Powershop have official accreditation as carbon neutral?
Meridian Energy Australia - our parent company - has been certified carbon neutral under the Australian Government's National Carbon Offset Standard (NCOS) program.
The NCOS accreditation provides a benchmark for businesses and other organisations that are voluntarily seeking to be carbon neutral. The benchmark sets out what is required for calculating, auditing and offsetting the carbon account of an organisation, product or service to achieve carbon neutrality. It also provides guidance on what is a genuine offset unit.
To remain compliant with the NCOS program, we're required to record all emissions associated with conducting our business and then offset these emissions by surrendering voluntary GreenPower Large-scale Generation Certificates (LGCs) bought by our customers as well as voluntarily surrender Certified Reduction Certificates (CERs). We also comply with the obligation to surrender LGCs as is mandatory with the RET's Renewable Percentage.
So Meridian Energy Australia (our parent company), Powershop (us), and all our operations are certified carbon offset under the NCOS program. But importantly for our customers, the NCOS accreditation applies to our product as well. So if you're a Powershop customer all your energy usage is certified carbon neutral - at no extra cost.
Head to the Government website for more information on this scheme.
What is GreenPower
GreenPower is a national scheme to encourage greater investment in renewable energy. To learn more about GreenPower and Powershop, visit our renewables page.
If I join Powershop am I automatically purchasing 100% GreenPower?
No. When you switch you are automatically put on to the standard offer, which is 100% carbon offset. However, should you wish to further support renewable energy projects in Australia, you can choose to purchase GreenPower. GreenPower purchases send a signal to the market that demonstrates demand for renewable energy. If all households in Australia bought GreenPower™ this would lead to 50% of the power in the National Electricity Market generated from renewable sources. You can find more information on GreenPower here.
How is Powershop's GreenPower different to other retailers?
Powershop is the only Australian retailer that lets you purchase as much or as little GreenPower as you like – you’re in control and can choose to purchase more or less GreenPower whenever you wish. It’s completely flexible, so for example you can purchase around 26% one month and 100% the next… the choice is yours. In your online account you can also, from time to time, choose a product from a renewable energy project you may wish to support.
How are Powershop's GreenPower tariffs determined?
GreenPower does not have a set cost; instead the cost varies based on a market price and the recommended retail rates from GreenPower. Retailers may, on occasion, charge varying rates for GreenPower for a number of reasons. We believe our GreenPower prices are always competitive and when comparing pricing it is always important to take into account all charges and discounts as lower GreenPower prices may conceal higher energy prices.
Why does GreenPower cost extra?
GreenPower is a voluntary scheme that allows businesses and individuals to increase demand for renewable energy in Australia. The associated cost is to retire the Renewable Energy Certificates (RECs) that would otherwise be sold onto the market in order for retailers to meet their obligations for the Renewable Energy Target. You can read all about how it works on the Powershop blog.