100% verified and certified regional Renewable Energy Certificates (REC)
The Flo Commitment
When you are with Flo, we match 100% of your electricity usage with regional Renewable Energy Certificates (RECs) and redeem them on your behalf.
This means you are encouraging renewable generators in the region to produce more renewable energy while getting bang for your buck.
Renewable Energy Certificates (RECs)
When a renewable energy generator produces one megawatt-hour (MWh) of energy, it receives one REC. We purchase these RECs to match 100% of our customers’ usage and redeem them on their behalf. Through this process, generators are incentivised to produce more renewable energy, thanks to Flo customers.
Flo buys regional RECs that are certified and accredited by trusted global registries, such as the Xpansiv I-REC Registry. These registries provide robust attribute tracking standards, ensuring our RECs are legitimate.
Let's break it down
Purchase
We purchase regional RECs to match 100% of your electricity usage.
Redeem
We redeem these regional RECs on your behalf.
Report
We’ll send a quarterly update on your REC redemption showing your contribution to the global renewable energy movement through your energy plan with Flo.
What does this mean for me?
Choosing Flo as your electricity supplier means investing in cleaner energy sources for future generations. With the Flo Commitment and our regional REC redemption, you can support regional renewable energy generation and decarbonisation efforts. It’s a powerful step in supporting the global energy transition — and one worth sharing!
Frequently Asked Questions
Renewable energy is energy generated from sources that are not depleted when used i.e. sunlight, wind or water.
A Renewable Energy Certificate (REC) is a market-based instrument that represents the environmental benefits of generating one megawatt-hour (MWh) of renewable energy. It provides information about where, how, and when that renewable energy was produced.
One REC is produced when a renewable energy generator generates one megawatt-hour (MWh) of energy. Each REC has a unique identification number and information about how, where, and when it was generated.
These certificates are then traded through global registries until they are redeemed or surrendered. Once the certificates are redeemed, they can't be traded anymore, and the final beneficiary can claim the environmental benefits, such as making a renewable energy claim.
The profit from the trades of these certificates goes back to the renewable generator, incentivising them to produce more renewable energy.
Flo purchases RECs from the region and surrenders them for each megawatt-hour of electricity our customers use under The Flo Commitment. These RECs support renewable energy development and regional decarbonisation efforts, contributing to the global renewable energy transition.
Flo's regional RECs no longer adhere to SS 673 due to new regulation from the Energy Market Authority (EMA).
To meet SS 673, you need to surrender or redeem local (Singapore) RECs. If you'd like to source local certificates, take a look at our Flo Enviros solution. We have worked with various multinational corporations to source, procure, and redeem affordable local RECs to meet their reporting requirements.
In order to meet the RE100 requirements, you need to surrender or redeem local (Singapore) RECs. Therefore, the regional RECs that we surrender as part of The Flo Commitment do not fulfil RE100 requirements.
If you are looking to source local certificates to meet RE100 requirements, take a look at Flo Enviros solution. We have worked with various multinational corporations to source, procure, and redeem affordable local RECs to meet their RE100 reporting requirements.