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Strong demand for 2021 GOs and Hydro GOs at Portuguese GO auction

Friday, 30 July 2021

On the 28th of July, on the OMIPlus platform, the 1st Auction for Guarantees of Origin was held related to the production of electricity from renewable sources in Portugal coming from power plants that benefit from a direct price support regime.

The auction model was the ascending clock, with 3 423 GWh  of Guarantees of Origin being auctioned, divided into 8 lots, according to the criteria of Technology - Solar, Wind, Hydro and Thermal - and Production Period - August/September of 2020 and April 2021. In total, 2 823 GWh were awarded, representing 82% of the volume offered or 100% of the offered 2021 volumes, with demand exceeding the offer in 5 lots. 15 Portuguese and foreign entities participated in the auction, with 13 entities awarded in total.  

A new auction is expected to take place in September and the process assumes an indicative monthly frequency. Results of the auction can also be seen at OMIP.

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