October 26, 2021
Markets

UK government to probe retail energy ‘greenwashing’

Renewable energy updates

UK ministers have launched an investigation into how energy suppliers market renewable electricity deals, following criticism that many companies are guilty of “greenwashing”.

Nearly 9m households are on deals branded as “green” or as providing “100 per cent renewable electricity” as energy suppliers tap into growing customer demand to limit their contributions to climate change.

But consumer groups such as Which? have previously voiced concerns about the transparency of such deals, warning that households are at risk of being misled about environmental claims.

Some energy companies that market 100 per cent renewable deals, such as Chippenham-based Good Energy, strike agreements directly with green power generators including solar and wind farms to match…

Read full article here: www.ft.com