Where to go now for Green Energy

CO POWER LOGO CMYK 01 copyThe purchase of pioneering, green energy retailer, Powershop, by fossil fuel behemoth, Shell, made headlines recently. Many of us who'd taken our accounts to Powershop following the company's endorsement by activist groups such as Get-Up and Environment Victoria, had been motivated by a desire to support the clean energy transition, attracted by Powershop's clean energy credentials.

Writing in The Saturday Paper, Mike Seccombe summarises the situation:

"It was a happy marriage, until this week, when the news broke that Powershop, or more correctly its parent company, New Zealand-based Meridian Energy, had found a new partner. On Monday it was announced that a consortium comprising the global oil and gas giant Shell and the infrastructure investor and manager Infrastructure Capital Group (ICG) would acquire 100 per cent of Meridian’s Australian assets, for a reported $729 million. Under the deal ICG will take control of the generation part of the company, its wind and hydro assets, while Shell will take over Powershop’s retail business and its 185,000 customers."

As one of the world's worst climate polluters, Shell has made statements about reducing emissions but still has a long way to go towards implementing these – with its overall emissions set to grow until at least 2030. Mike Seccombe quotes Shu Ling Liauw, lead analyst with Global Climate Insights 

“The group’s [Shell's] medium-term investment target involves $US3 billion per annum of investment into new energy, out of $US23 billion per annum. It’s still a pretty small proportion.”

So where to go now for clean energy?

The above question is what many will be asking once they have digested what seems likely to transpire, following Shell's acquisition of Powershop.   

BREAZE Inc. suggests Cooperative Power as the best way to support clean energy

A non-profit co-operative, Cooperative Power is member-owned and member-run with a long stated mission – "to tackle poverty, take action against the climate crisis and build community." It's a mission not unlike BREAZE's own. BREAZE Inc. has long been a member organisation along with a number of other not-for-profits and unions. A full membership list is available here on the website. 

Cooperative Power offers retail electricity with its product partner Energy Locals, a group that is 100% Australian owned and which shares a goal of 'a sustainable and affordable energy future.'

    • On its website  CoPower explains that no one can supply 100% renewable energy but individual customers can increase the proportion of green electricity generated by opting for the highest percentage of green electricity that they can afford.
    • CoPower does invest in community renewable energy and also supports the GreenPower government accreditation scheme.
    • Under the GreenPower scheme consumers can opt to help support new renewable generation in Australia.
    • CoPower customers can elect to purchase 100%, 50% or 10% GreenPower.

If you are a member of BREAZE you are already a member of CoPower. We suggest you browse the CoPower website and ask for a quote. Do remember, however, it's always good to keep the social benefits in mind as well. CoPower is a not-for-profit enterprise that distributes its profits in the public interest – helping the environment and the community. Check out social causes recently supported on the CoPower blog