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

0

Share

Published:

March 23, 2020

Country:

Comments:

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

unpaid-electricty-bills-kosovo-kostt

Kosovo* allocates EUR 40 million to cover unpaid electricity bills in northern municipalities

11 August 2022 - Residents of the four Serb-majority municipalities in the north of Kosovo* have not been paying electricity bills for over two decades

SEEPEX chief Power prices Southeastern Europe EUR 500 MWh fourth quarter

SEEPEX chief: Power prices in Southeastern Europe reach EUR 500 per MWh for Q4 2022

11 August 2022 - Futures for settlement in the fourth quarter indicate an electricity price in Southeastern Europe of EUR 500 per MWh, chief of SEEPEX Miloš Mladenović said

Drought-lowers-hydropower-plant-output-Serbia-Europe

Drought lowers hydropower plant output in Serbia, Europe

10 August 2022 - The water flow in Serbia's hydropower system dropped by a half, increasing the need for electricity imports, but the situation is similar across Europe

Norway power export controls drought hydropower reservoirs

Norway to impose power export controls

09 August 2022 - Norway is preparing a framework for limiting electricity exports at times when the levels of water in hydropower accumulations are low