Re: We're not Enron - We're Eethical
Might be a little tougher to pull off in the roller coaster energy sector, but if they are indeed debt free and growing, maybe it will happen.
Yup, they'll maybe learn some more tricks from the old energy trading ways of Enron. But the vow assumes they'll ever make a profit, which many alt-electron providers don't, and go the way of Enron. See Nottingham's Robin Hood Energy for more info. But the energy sector is awash with greenwash, so-
Founded in August 2017, People’s Energy buys wholesale leccy from renewable sources, and biomethane from food and farm waste, that it then resells onto consumers.
Which is a common claim. Reality is a bit different-
https://www.ofgem.gov.uk/environmental-programmes/rego/about-rego-scheme
We issue one REGO certificate per megawatt hour (MWh) of eligible renewable output to generators of renewable electricity.
The purpose of the certificate is to prove to the final customer that a given share of energy was produced from renewable sources. As such, the primary use of REGOs in Great Britain and Northern Ireland is for Fuel Mix Disclosure. FMD requires licensed electricity suppliers to disclose to potential and existing customers the mix of fuels (coal, gas, nuclear, renewable and other) used to generate the electricity supplied.
So People use 1GWh of electricty. People buys 1000 REGOs. Claim your electrons are 100% Green! Bask in your virtuousness!
Sadly the reality is somewhat different, at least until these greenwash schemes are actualy coupled to generation by type. So for example-
https://gridwatch.co.uk/Wind
Wind, last month: minimum: 0.356 GW maximum: 12.687 GW average: 6.896 GW
When wind was low, People's customers would have been using 'dirty' nuclear, coal & gas, not 'renewables', because as far as the hardware & network goes, electrons is electrons, and REGOs allow virtue signallers to provide the illusion of Green.