When it comes to natural gas and electricity prices, weather plays a crucial role. Heat waves are often cited as having pricing implications— but it’s not just hot weather. More often, it is the severe cold or massive storms that impact supply and demand, which can potentially lead to fluctuations in energy prices.
At NRG, supporting a more sustainable future goes beyond our own emission reduction goals. There are many ways the concept is taking hold at our company and in the communities we serve—one example is through our Community Supported Agriculture (CSA) program.
The renewable energy industry has come a long way since 1975, when the first utility-scale wind generation project came online in California. By the end of 2017, all renewable energy sources provided about 17 percent of total utility-scale power generation in the U.S., with about 10 percent of this total coming from wind and solar facilities.
Sustainable Operations is one of the dimensions of our business strategy focused on improving environmental and community outcomes from activities at NRG’s generating assets. We are working to improve efficiency and reduce emissions from generation assets, and in the process, reducing our water use and waste generation to ensure productivity and value for our stakeholders. Sustainable Operations include safety, greenhouse gas (GHG) emissions and carbon capture, utilization and storage, other air emissions, water, by-products and biodiversity.
In today’s global economy, virtually no organization is fully vertically integrated. This makes sustainability relevant across a company’s entire value chain. After setting an ambitious goal addressing downstream avoidance of customer greenhouse gas emissions, NRG is one of the first in its sector to include its supply chain as part of its sustainability commitments. This makes strong business sense because sustainable supply chains are inherently more efficient, transparent and resilient.
In 2017, it became painfully evident that climate change isn’t just coming, it’s already here. People and communities all over the world were reminded in the most brutal ways that the forces of nature, though necessary to life on Earth, can also be devastating. Multiple hurricanes of unprecedented power, earthquakes, fires and mudslides and other devastating events created chaos and crisis all over the world. However, times of crisis can be when the most inspiring human moments arise – when humanity shines brightest.
A growing number of consumers want to know that the energy they are using comes from green resources. Even if they aren’t able to invest in solar panels on their property, or there’s a local ordinance against wind power generators in residential areas, surveys show that many residents are willing to pay a premium to help develop better access to renewable energy.
A key part of our business is to enable customers to achieve sustainable energy outcomes. In 2017, we provided energy consumers across two key segments - Residential and Small Business, and Commercial and Industrial - with access to cleaner, smarter energy choices.
Residential and small business
To properly meet the needs of our customers’ lifestyles and environmental goals, NRG’s retail brands propose a variety of retail electricity plans, products and services. This portfolio is divided into three pillars of offerings:
The Sustainable Development Goals (SDGs) are a global set of goals, targets and indicators that United Nations member states, and increasingly businesses, are expected to use to frame agendas and policies surrounding development. The global community has given itself until 2030 to achieve the UN’s 17 Sustainable Development Goals, which will require a significant contribution from the private sector and collaboration across industries.
Our core business and corporate strategy and vision directly align with two of the goals, 7 and 13.