IN FOCUS: What impact will the Renewable Electricity Guarantee of Origin (REGO) scheme have on LGC prices?

The introduction of the Renewable Electricity Guarantee of Origin (REGO) scheme in the second half of 2025 will bring new complexity to Australia’s Large-scale Renewable Energy Target (LRET) and the market for Large-scale Generation Certificates (LGCs). Specifically, the new REGO scheme will allow almost all entities who currently generate renewable energy at scale to choose which certificates they want to produce, subject to broader demand side signals. In this article we explore the different certification schemes, and examine how market dynamics may vary when the REGO scheme becomes active, including the potential impact on LGC prices.

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