Electricity

Montenegro is ready for go-live of guarantees of origin registry

montenegro guarantees of origin grexel

Photo: Grexel

Published

June 6, 2024

Country

Comments

0

Share

Published:

June 6, 2024

Country:

Comments:

0

Share

Montenegro has appointed Grexel, part of EEX group, to establish an electronic guarantees of origin system in the country, following an open tender procedure.

In response to market and legislative requirements, and in cooperation with the Energy Community, Montenegro is adopting a national registry developed by Grexel, the firm said.

Montenegro will now benefit from G-REX, a modern and user-friendly electronic registry for guarantees of origin (GO), the announcement reads. According to Grexel, G-REX already seamlessly facilitates the transfer of GOs within the Energy Community region.

Once Montenegro joins the Association for Issuing Bodies (AIB), its registry will further support exports and imports through the AIB Hub, the provider stressed.

Klimscheffskij: We’re ready for go-live

Montenegrin Electricity Market Operator (COTEE) said it is looking forward to the rollout and the future expansion of its connection through Energy Community contracting parties and AIB Hub.

According to Markus Klimscheffskij, CEO of Grexel, everything has run smoothly throughout the project implementation. “We’re ready for go-live as well as connecting the registry with other Energy Community countries”, he said.

Guarantees of origin from the Energy Community contracting parties cannot be recognized in the EU

Of note, the Energy Community Secretariat has launched an initiative to establish a regional system for guarantees of origin with the aim of developing nine registries for the contracting parties in line with EU rules: in Albania, the two entities making up Bosnia and Herzegovina (the Federation of BiH and the Republic of Srpska), Georgia, Kosovo*, North Macedonia, Moldova, Montenegro, and Ukraine.

So far, Albania, Georgia and the Republic of Srpska have launched their registries.

However, good implementation of the initiative is not enough for guarantees of origin to be recognized in the EU, so the secretariat is working on a roadmap to change that.

It set a list of criteria that the contracting parties including Albania, Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia and Serbia have to meet.

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

Serbia-commission-first-study-possibility-building-nuclear-power-plants

Serbia to commission first study on possibility of building nuclear power plants

20 June 2024 - The Ministry of Mining and Energy of Serbia invited consultants to conduct an analysis of nuclear energy technologies including SMRs

Guide for integrating biodiversity with green power plants and grid expansion

Eurelectric issues guide for integrating biodiversity in renewables, grid expansion projects

20 June 2024 - The European association of electricity companies, Eurelectric, has published a guide for sustainable electrification

Masdar-to-take-over-Terna-Energy-in-deal-worth-EUR-3-2-billion

Masdar to take over Terna Energy in deal worth EUR 3.2 billion

20 June 2024 - Masdar is expanding in Greece and Europe by buying Terna Energy for EUR 2.4 billion, translating to an enterprise value of EUR 3.2 billion

WindEurope EU elections center right expected partly revise European Green Deal

WindEurope on EU elections – center-right expected to partly revise European Green Deal

19 June 2024 - Electricity-intensive industry and WindEurope are seeking assurances on the European Green Deal from EU leaders, following the elections