What's changing in 2026?
GreenPower has changed its program rules, meaning from 1 July 2026 the minimum GreenPower product you can add to your consumption-based energy contract will start at 30% of your total consumption. You will still have the flexibility to choose how much of your mix is sourced from GreenPower based on your business goals, with the new range being 30-100%.
Who this affects
- Businesses with existing consumption-based GreenPower energy contracts
If your current contract is less than 30% GreenPower, it will remain the same for the rest of its term, but you will need to keep this change in mind when your contract is due for renewal. - Businesses starting new consumption-based GreenPower energy contracts
New GreenPower arrangements starting on or after 1 July 2026 will be able to purchase energy with a minimum 30% of consumption to be matched with GreenPower.
Will this impact my energy costs?
The cost of contracts supplying GreenPower is influenced by Large-scale Generation Certificate (LGC) reference prices at the time of valuation. Prices fluctuate based on the volume of LGC supply with relation to demand in the market. As your retailer, Veolia locks in the price at the point you enter into the new agreement. This protects you from price fluctuations over the course of your contract, providing you with cost certainty and stability.
With the rapid expansion of renewable projects across Australia in recent years, the volume of LGCs has increased significantly, resulting in reduced prices. Continued support of these projects is necessary for keeping prices competitive compared to fossil fuel sources.
What you need to do
Check your current contract - What's your current renewable percentage?
Renew your timeline - When does your contract renew?
Explore your options - If you're currently on a contract with less than 30% GreenPower, we can help you find a new plan that best suits your business.
Get in touch with our team - If you will be impacted by this change or just want to learn more, contact our friendly energy retail team for guidance.
Ready to take action?
Whether you want to learn more about GreenPower, LGCs, or current market trends, our energy experts are here to help you navigate this change and find the perfect contract for your business goals.
About GreenPower
GreenPower is a national program that supports local renewable energy projects like solar, wind, bioenergy, and hydro.
Why does GreenPower matter to you?
If you're committed to supporting renewable energy, GreenPower provides an easy and credible way to do it.
How GreenPower works
When you purchase GreenPower, Veolia matches your electricity use by purchasing and surrendering the equivalent of LGCs from GreenPower-accredited renewable energy projects in Australia. For example, if your business uses 160 MWh of electricity in a day on a 100% GreenPower contract, 160 LGCs are retired to represent that energy load.
GreenPower independently audits all sales to ensure transparency and credibility. This approach allows you to reduce your reported Scope 2 emissions easily and support renewable projects across Australia.
Visit GreenPower's website for more information about the upcoming program rule changes.
Note: This article was written in accordance with the information provided in ‘GreenPower Renewable Electricity Program Rules v11.3’.