News — 30 October 2024
Bringing Transparency to Drax and Their Customers
Our partnership with Drax Energy Solutions marks an exciting new chapter enabling their customers to get more transparency and reliable insights into their green energy sourcing.
Drax Energy Solutions is using our software to elevate their REGO (Renewable Energy Guarantees of Origin) management, notably by matching consumer needs with individualised REGO certificates. Drax provides reports that detail customers’ total energy consumption, renewable sources (hydro, wind, solar, biomass), Scope 2 emissions impact, and the REGO certificates allocated to them.
Our software also allows Drax to go even further than annual REGO matching by enabling visibility at monthly, daily, hourly or even sub-hourly levels. With traceability down to the hour, an energy buyer can precisely indicate when and where they need renewables, sending a market signal to boost investment in renewable capacity, as and when needed.
Hourly matching helps Drax customers align energy consumption with renewables' availability, addressing periods when natural fluctuations affect availability of sun or wind power. Giving energy buyers more transparency on their sourcing is key to understanding and deciding on which type of renewables they want to source.
“It’s all very well, organisations saying they’re consuming renewable energy. But, in the future, they’re likely to be pressed to evidence this. And they’ll need to do that in a far more granular way - one that aligns each day or each hour’s consumption with a renewable source.”
Paul Miller – Sales and Marketing Director, Drax Energy Solutions
As Toby Ferenczi, Co-Founder and CEO of Granular Energy, says, “We are excited to partner with Drax to support the management of their existing green offers and explore the development of new green tariffs. Drax will provide their customers with more traceable and transparent reporting on the sources of their renewable energy, enabling energy buyers to make more informed buying decisions.”
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