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Prices rise on average by 20 Eurocents in Portuguese Auction

Friday, 28 January 2022

Kumara Rathnam

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Author: Kumara Rathnam

On 26th January 2022, on the OMIPlus platform, the 6th auction for Guarantees of Origin was held related to the production of electricity from renewable sources in Portugal from power plants that benefit from a direct price support regime.

The auction model was the ascending clock, with 3.56 TWh of Guarantees of Origin (GOs) being auctioned, divided into eight lots, according to the criteria of Technology (Solar, Wind, Hydro, and Thermal) and Production Period from the months of March, April and September in 2021. 

The majority of the GOs (1.8 TWh) were from Wind, followed by 1.04 TWh of GOs from Hydro. Compared to the previous auction, the volume of Wind and Hydro GOs decreased by about 10% and ...

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