Renewables

CROPEX sells 263,889 guarantees of origin in first auction

Photo: Pixabay

Published

August 30, 2019

Country

Comments

0

Share

Published:

August 30, 2019

Country:

Comments:

0

Share

Croatian power exchange CROPEX has held its first auction of guarantees of origin (GO) through the IT auction trading platform, selling 263,889 GOs, CROPEX said in a press release.

“The first guarantees of origin auction for electricity from incentivized producers (Q1/2019) was successfully held by CROPEX, selling a total of 263,889 GOs at a price of 0.31 EUR/GO,” the Croatian power exchange said.

A total of 11 participants had registered for the first guarantees of origin auction held on the CROPEX trading platform, nine of which actively participated in the auction and submitted bids for the purchase of GOs in the auction system.

The proceeds from the sale of GOs will be transferred to the incentivized system fund managed by HROTE. The guarantees of origin sold in the auction will be transferred from HROTE’s account in the guarantees of origin register to the auction participants’ user accounts.

Auction details:

  • Type: Wind
  • Date: August 29, 2019 (10:00 -12:00)
  • Auction name: Production from Q1/2019 (1.1.2019 – 31.3.2019)
  • Total amount of Guarantees of Origin offered: 263,889
  • Total number of active participants: 9
  • Total auctioned amount: 263,889
  • Minimum – maximum price from offers: 0.30 EUR/GO – 0.40 EUR/GO
  • Marginal Price: 0.31 EUR/GO

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 produced on the CROPEX day-ahead and intraday markets at the beginning of 2019, the Croatian power exchange said.

This move was also enabled by changes to the law on renewable energy sources and high-efficiency cogeneration and changes to the decree on the establishment of a system of guarantees of origin.

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

Kosovo measure wind potential auctions public projects

Kosovo* to measure wind potential for auctions, public projects

02 March 2024 - Kosovo* is about to measure wind potential to present the data to foreign investors or develop public projects

Nikšić from solar and wind can produce enough electricity for the entire Montenegro

Solar, wind parks around Nikšić could power entire Montenegro

01 March 2024 - Solar and wind power plants in optimal locations in Nikšić could cover the electricity consumption of all households in Montenegro

dodik buk bijela hydropower montenegro mandic

Republic of Srpska offers Montenegro to join Buk Bijela hydropower project

01 March 2024 - President of the Republic of Srpska Milorad Dodik offered to Montenegro to join the construction of the Buk Bijela hydropower plant

Serbia to couple electricity market with EU by 2026 SEEPEX stojcevski

Serbia to couple electricity market with EU by 2026 – SEEPEX

01 March 2024 - Coupling will make it easier for the industry, as a consumer, and power producers to enter the electricity market