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WHAT ARE NRG CREDITS? How
NRG
Credits work NRG Credits rewards are like energy divided into watt hours, kilowatt hours (KWh) with 1,000 watt hours of NRG Credits = 1 KWh of NRG Credits, “NRG Credits” are designed to help reduce your electricity bill, your gas
bill or your fuel bill. For every MWh of NRG Credits you own The
Green Climate Club will pay the equivalent of $50 a year for the 5 year
life of the reward,
into your enetgy provider account , thus reducing the amount you need to
pay on a MWh of electricity on your energy account. $50 off a MWh of
electricity equates to a minimum of 25%
off what the average MWh of electricity costs. The more MWh of NRG Credits that are credited to your account, the less you will have to pay
on your energy bill for up to 5 years. How
can the Club afford to
do this? The Green
Climate Club buys blocks of green energy generation units off Global NRG
Ltd and other renewable energy companies, using the money you pay for NRG
Credits or the advertising dollars sponsors contribute to pay for
the free NRG Credits they give you as rewards. Global
NRG is a world leader in WTE and renewable energy. It manufactures
small to medium sized wind turbines and installs them in high annual
average wind speed areas, and builds medium sized biowaste gasification
power plants all generating clean energy in high tariff feed-in areas. Green electricity generated from the wind is free except for the cost of the wind turbines, so once a wind turbine is installed in a high wind annual wind area it is going to keep contributing wind power to the pool. Global NRG can install these small wind turbines in clusters in areas that are inaccessible to large wind turbines such as are used in wind farms, so in spite of being smaller in generating power the clusters still contribute substantial amounts of free electricity into the aggregated generation pool. The biowaste used in Global NRG's gasification power plants is biowaste that would normally be sent to land fill such as municipal solid waste, waste wood, and agricultural and plant wastes. By diverting the waste away from landfill Global NRG receives the gate fee normally paid to landfill which means its fuel for the gasification plants is not only free, it earns a fee for being used. Its like a coal miner or oil company paying a power station to take its coal or oil. So Global NRG is able to generate green electricity at very low cost. We benefit for both the low cost wind power and the low
cost biowaste power when we buy blocks on MWh of generation, which in
turn assists them to install more wind turbines and build more biowaste
gasification plants. Our
blocks of MWh of clean electricity are sold into the grid and to
customers along with
theirs, and we also earn Government incentives for generating renewable
energy. As a non
profit organisation, most of this income is passed over to the members
in the form of NRG Credits which are used to help them reduce their energy bills,
by the Club attributing the value of earnings from its MWh of generation
into the each NRG Credit you own and paying it directly into your energy retailer account every 6 months. NRG
Credits are valid for 5 years, after which, whether the member has bought
them to got them for free, the full cost of each NRG Credit is
returned by way of a sale back to the generator and a once-off payment
is made into the owning member's account at their
energy retailer or the member can elect to roll them over as new NRG Credits for a further period keeping their energy bill down. |
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