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Traded price doubled in Slovakian auction

Thursday, 04 August 2022

Addison Wu

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OKTE held the seventh electronic auction of Guarantees of Origin (GOs) on the 4 August, with 10 market participants. In total, around 214GWh of GOs from subsidized renewable energy were auctioned, and auction revenues will be used to decrease the share of RES-support costs paid by the final consumers.

The GOs were sold in two lots, consisting of around 60GWh from Hydro and 155GWh from Solar. GOs for both technologies were produced during Q2 2022, with a starting bid at 0.95 €/MWh.

The average traded price has reached a new high in Slovakian auction history at 2.36€/MWh, with a price range between 0.95 to 2.59€/MWh, supported by increasing demand. However, although the prices have trended higher compared to the past, the highest auction price i...

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