Friday, 05 April 2019
Powernext has developed an auction system for Guarantees of Origin (GOs) which will be launched in September 2019.
Powernext has been reappointed as the operator of the national registry for GOs in France and given the mandate to organize the auctions for supported GOs. The quantity of GOs to be auctioned each month will be defined by the ministry, who will be the only seller in the auction. The theoretical maximum of auctioned GOs in France corresponds to the total generation of renewable electricity benefitting from feed-in tariffs and market premium and amounts to approximately 40 to 50 TWh per year. However, for 2019, the actual upper bound for GOs to be auctioned is estimated to be 25 TWh. This is because production volumes from January and February 2019 will not be included in the upcoming auctions, while production from October to December will be auctioned in 2020.
At the beginning of each month, the French State will define the list of Guarantees of Origin that wil...