CROPEX sells 166,779 guarantees of origin in third auction

Photo: Pixabay


October 21, 2019






October 21, 2019





Croatian power exchange CROPEX has sold 166,779 guarantees of origin (GO) through the IT trading platform, in its third auction of GOs, according to a press release from CROPEX.

“In the third guarantees of origin auction for electricity from incentivized producers (Q3/2019) held on October 18, a total of 166,779 GOs was sold at a price of 0.34 EUR/GO,” the Croatian power exchange said.

Auction details:

  • Auction: Production from Q3/2019 (July 1, 2019 – September 30, 2019)
  • Date: October 18, 2019
  • Time: 10:00 – 12:00 (CEST)
  • Primary Source of Energy: Wind
  • GOs Auction Quantity: 166,779
  • GOs Sold Quantity: 166,779
  • GOs Marginal Price (EUR/GO): 0.34
  • Minimum price from Bids (EUR/GO): 0.32
  • Maximum price from Bids (EUR/GO): 1.43
  • Number of Auction Participants: 5
  • Number of Auction Participants with Winning Bids: 3
  • Marginal Price: 0.31 EUR/GO

In August this year, CROPEX held its first-ever auction of GOs, selling 263,889 GOs.

In the second guarantees of origin auction for electricity from incentivized producers a total of 194,049 GOs was sold at a price of 0.91 EUR/GO. CROPEX sold energy from wind farms produced in Q2/2019 (April 1, 2019 – June 30, 2019).

In accordance with the law on renewable energy sources and high-efficiency cogeneration, HROTE, as leader of the ECO Balance Group for incentivized electricity production, started selling 30% of the energy output on the CROPEX day-ahead and intraday markets at the beginning of 2019, the Croatian power exchange said.

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

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW


Croatia’s long-awaited grid connection fee may unlock EUR 1 billion in renewables investment

13 June 2024 - By 2030, Ivo Milatić expects renewable sources will account for 8 GW of Croatia’s 10.5 GW electricity production capacity