Renewables

Energy Community starts renewables certificates project to help accelerate energy transition

Energy Community renewables certificates project accelerate energy transition

Photo: Armtraveller from Pixabay

Published

January 26, 2022

Country

Comments

0

Share

Published:

January 26, 2022

Country:

Comments:

0

Share

The Energy Community Secretariat is creating an integrated electronic system for guarantees of origin, which are designed to enable customers to buy electricity from renewable sources.

The contracting parties of the Energy Community may soon get a regional electronic system for the management of issuance, transfer and cancellation of guarantees of origin or GOs in line with the European Union’s rules and principles. The organization’s secretariat said it launched the project for the establishment of the tool for Albania, Bosnia and Herzegovina, Georgia, Kosovo*, North Macedonia, Moldova, Montenegro and Ukraine.

Serbia’s issuer, transmission system operator Elektromreža Srbije (EMS), joined the European AIB Hub platform in 2020. The integrated regional system will enable each contracting party to have its own national register, while being able to trade GOs regionally, the secretariat added.

The system will enable each contracting party to have its own national register, while being able to trade GOs regionally

GOs are electronic documents proving to final consumers that a specific quantity of electricity was produced from renewable energy sources.

“Guarantees of origin can be a real game changer by driving new renewables investment. On top of that, it will give the contracting parties a head start in implementing the Renewable Energy Directive, one of the key elements of the newly adopted Clean Energy Package,” the Energy Community Secretariat’s Director Artur Lorkowski said.

Following a public tender procedure in 2021, Grexel Ltd, part of EEX Group, was selected to support the project’s implementation.

The contracting parties of the Energy Community are lagging behind in fulfilling the obligation to establish an electronic system for GOs

Guarantees of origin could serve as an important tool to boost renewables investment and drive the energy transition. The contracting parties of the Energy Community are lagging behind in fulfilling the obligation to establish an electronic system.

The primary goal of renewable energy certification is to enable disclosure, revealing the origin of energy sold to final consumers, and give consumers the option to choose their energy according to its origin. It also gives end-users the possibility to legitimately claim their energy is coming from renewables such as wind, solar and geothermal power plants.

Once the electricity provider has fed the power into the grid, the GO received for the amount of electricity can be sold on the open market as an energy commodity.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
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

epcg gvozd 2024.

EPCG secures financing for Gvozd wind farm

03 October 2022 - EPCG is blaming the pandemic for the delay in the implementation of the 54.6 MW Gvozd wind farm project, Vijesti reported

CE Oltenia OMV Petrom four PV plants JVs

CE Oltenia, OMV Petrom to build four PV plants through JVs

03 October 2022 - OMV Petrom and CE Oltenia agreed to build four solar parks with a combined capacity of 450 MW at former coal mining locations in Romania

solar wind investments EU price cap

Wind, solar investors threaten to leave Europe because of revenue cap

03 October 2022 - The EU's wind and solar industries are threatening investments could go elsewhere after EU energy ministers voted to roll out revenue caps

German investments Serbia depend availability of green electricity

German investments in Serbia depend on availability of green electricity

03 October 2022 - German government official Franziska Brantner said her country and Serbia share the objectives of a green transition