The single biggest issue facing both electricity suppliers and end-users is the environment.

Concerns over greenhouse gas emissions, global warming and natural resource conservation and management are having a dramatic impact on how energy companies and electricity users buy, sell and manage what was once a simple and seemingly infinite commodity. Consumer awareness and demand for green power is growing, and many customers are now actively selecting “environment friendly” suppliers for their energy products and services.

The proposed Emmisions Trading Scheme will also enable the future credit and environmental obligation of each company to be traded.   In this way companies with less viable greenhouse opportunities may buy carbon credits that are surplus to the requirements and environmental obligations of other companies. Such credits will require measurement, verification and certification by accredited third parties.   The regulatory framework and workings of a greenhouse trading system are yet to be finalised, and will no doubt impact on future energy prices. 

Despite such uncertainty, the new greenhouse industry is assured of growth, as pressure on the environment increases.    Estimates have valued the global carbon trading market above $US30 trillion over the next decade.   To illustrate, the greenhouse value of a tree could one day well exceed the value of the timber itself.  Some industry analysts even suggest that the next boom will be in stocks aligned to clean and green energy technologies and initiatives.  The green issue will no doubt occupy many industry analysts and experts for some time.   However, one thing is for certain, the ongoing pressure and focus on environmental impacts resultant from coal based electricity generation will not go away.   Informed businesses are now recognising this and adopting policies and strategies that anticipate and respond to this critical issue.

Like deregulation and competition, the choices will be many, and risks will abound.    You may choose to purchase environmentally sound green power as part of your energy contract.  Or your onsite energy applications may offer a distinct and viable opportunity to reduce greenhouse gas emissions and secure the resultant carbon credit.  Or if your onsite energy technologies provide little opportunity, you may seek to purchase credits from the market, or from other businesses who can more readily achieve greenhouse gas savings.   Whatever your choice, Selectricity stands ready to help provide unbiased and specialist advise and support to achieve a cleaner, greener future for your business and our community.

In order to achieve national greenhouse targets in the most efficient and practical manner, Government authorities and agencies now recognise that the most viable greenhouse abatement projects should be actively encouraged and promoted.   Potential greenhouse projects are competitively evaluated, and must meet certain criteria to qualify for government support and funding. Assessments are made on the following criteria :

1. cost-effective actions that minimise the burden for business and the community

2. low low project cost for each tonne of emissions that is reduced or avoided

3. opportunities for rural and regional Australia

4. ecologically sustainable development

5. employment growth

6. new technologies and innovative processes

7. non-government investment

Green Energy