South Pole is a provider of unbundled LGCs and certificate surrender services. 'Unbundled' means that these certificates can be bought separately to the electricity from your energy retailer. This may be more convenient and cost-effective in meeting your organisation's renewable energy commitments than green tariffs.
Part of our unique offering is that we perform the certificate surrender on your behalf. LGCs can only be claimed against your consumption once surrendered on the REC Registry managed by the Clean Energy Regulator. We then issue your business with a certificate that can be used to verify your climate action, including the unique identifiers of the LGCs surrendered on your behalf.
LGCs can be applied to your energy consumption retrospectively within appropriate time periods. As a minimum, we can assist you in claiming renewable energy for the entire previous calendar year.
LGCs are issued by power stations that generate electricity from renewable energy sources. One LGC is created per megawatt hour (MWh) of renewable electricity generated, and surrendered (or retired) for every MWh purchased. The REC Registry is where LGCs are stored, and is managed by the Australian Government's Clean Energy Regulator.
Because the power reaching your business is a blend of all types of electricity generation on the market (renewable and non-renewable alike), certificate systems help to account for the amount of renewable energy generated by power stations and purchased by the end consumer. By purchasing and surrendering an amount of LGCs equivalent to your consumption, you can claim that your business is 100% powered by renewables.
'LGC' is an Australian term, with the same meaning as Renewable Energy Certificate (REC) and Energy Attribute Certificates (EACs). LGCs are eligible to use under corporate leadership initiatives such as the RE100.