Electricity

CROPEX: First guarantees of origin for power from biomass sold for EUR 1.11 apiece

CROPEX: First guarantees of origin for biomasss

Photo: Johannes Plenio from Pixabay

Published

March 23, 2020

Country

Comments

comments icon

0

Share

Published:

March 23, 2020

Country:

Comments:

comments icon

0

Share

The Croatian electricity market started bimonthly auctions. CROPEX divided the sales of guarantees of origin for electricity from wind power plants into two categories and added biomass units.

The Croatian Power Exchange has said all 296,348 guarantees of origin were sold at the latest auctions, in which biomass power plants were introduced. It was also the first bimonthly sale as a surge in the volumes prompted the operators of the market better known as CROPEX to organize them more frequently.

The round was for January and February. The auctions were held quarterly before. In the biomass segment, for units registered since April 1, 2015, 69,227 guarantees were sold and the marginal price came in at EUR 1.11. The benchmark compares to the lowest level of EUR 0.5 and the maximum price of EUR 1.49 apiece. There were two winning bidders out of four participants in total.

The guarantees of origin for wind power plants have been divided into those for the facilities commissioned from April 1, 2015, and older ones.

A total of 102,029 guarantees were sold in the first of the two categories of privileged, incentivized producers. The price was EUR 1.01 each and the range was EUR 0.5 to EUR 1.19. There were four participants as well and two bidders also won.

On the auction for tracking instruments from the wind power plants with commissioning dates between December 2009 and April 1, 2015, a total of 125,092 guarantees of origin were sold. The marginal price landed at EUR 0.2, equaling the minimum. The highest bid was EUR 0.5. Both participants had winning bids.

The three auctions were held in parallel.

CROPEX, equally owned by Croatian Energy Market Operator – HROTE and Croatian Transmission System Operator or HOPS, separately said the day ahead and intraday markets and auction systems are functioning normally regardless of the coronavirus outbreak. All necessary measures are in place to protect employees, in line with the new rules, the statement adds.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Albania obligatory zero emission standards solar panels buildings

Albania to roll out obligatory zero-emission standards, solar panels for buildings

06 November 2024 - Albania drafted a law on the energy performance of buildings including zero-emission and nearly zero-emission standards and solar energy use

crh romcim cement romania wind farm

CRH installs wind farm to directly power cement plant

06 November 2024 - The investment will lower the carbon footprint of the plant’s products and contribute to Romania’s clean energy transition

balkans blackout power outage entso e report

Overgrown vegetation caused Balkans blackout on June 21

06 November 2024 - ENTSO-E published an interim-factual report describing the system conditions before the event and its timeline

Prosumers in Romania surpass 2 GW in total capacity

Prosumers in Romania surpass 2 GW in total capacity

06 November 2024 - The capacity operated by prosumers in Romania topped 2 GW in August, doubling in just 14 months. Their number reached 166,000.