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10th Portuguese Auction - Prices increase by about 20% for all techs and vintages

Tuesday, 31 May 2022

Leo Robert

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On 26th May 2022, on the OMIP platform, the 10th auction for Guarantees of Origin (GOs) was held related to the production of electricity from renewable sources in Portugal from power plants that benefit from a direct price support regime. There were 14 participants and 12 buyers.

The auction model was the descending clock, with 3.26TWh of GOs being auctioned, divided into eight lots, according to the criteria of technology (Solar, Wind, Hydro, and Thermal) and production periods (December 2021 and January/February 2022).

The majority of the GOs (2.33 TWh, 71%) were from Wind, followed by 0.46 TWh of GOs from Thermal. All the offered volumes were sold: furthermore,  compared to the