Friday, 22 July 2022
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On 13 July 2022, the 11th Portuguese auction for Guarantees of Origin (GOs) was held by OMIP. In total 3.5TWh GOs were auctioned, all corresponding to the subsidized power plants for renewable electricity production under a direct price support regime. The net income from auction (auction revenues deducted from overheads related to the acquisition of electricity from renewable energy sources) is reverted to consumers. There were 21 participants and 9 buyers in this auction.
The auction model was a descending clock, consisting of eight lots, according to the criteria of technology (Solar, Wind, Hydro, and Thermal) and production periods (March 2022 and April 2022). The majority of the GOs (2.63TWh, 75%) were from Wind, followed by 0.49TWh of Hydro GOs. All the offered vo...