Renewable power GO: market looks to new drivers of liquidity and supply

Nov 07 14:11 2019 Print This Article

The market for European Guarantees of Origin, or GO, electronic tags that certify the source of renewable electricity, is evolving quickly.

S&P Global Platts has been monitoring developments, including the impact of recently-launched French auctions; price dynamics across regions and technologies; and where additional GO supply will come from in the coming years.

Here are the key trends that European utilities and other market participants should be following this winter:

1. French auctions revive market after summer lull


French GO auctions launched on the Powernext exchange in September. These made available for the first time GO issued from generation facilities benefiting from state subsidies, and generated clearer price signals for the market. The September auction, in particular, brought buyers into the market after the summer lull and saw prices increase into the beginning of October, including in the secondary market. However, the October auction saw rather limited activity and confirmed a somewhat lower price level for the market.

Read More

About Article Author

The Barrel

S&P Global Platts provides market insights so people can make more informed trading and business decisions.. They're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to their expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts provides critical information for the commodities & energy markets to make physical commodity markets more transparent and efficient. S&P Global Platts blog, The Barrel, provides the essential perspective on global commodities.

Related Items

December 4, 2019

There was nothing particularly surprising in the Bank of Canada’s policy rate announcement this morning: The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The Bank’s October pro ...

Exchange For Physical? - Craig Hemke (04/12/2019)

Dec 04, 2019 Two years ago, following a surge in the use of "Exchanges For Physical" by traders at the COMEX, Eric Sprott asked me to begin tracking and recording the daily totals for this practice as posted by the CME. It's time for an update. First, let's attempt again to discern what the heck ...

How to recover financially from divorce

Right off the top, it’s important to acknowledge that there are no secret strategies for magically avoiding the financial impact of divorce. Divorce is difficult. You may lose half of your assets—or more—during the process of equalization. You may have ongoing spousal support or child support ...

Tariffs and tribulations: recasting US metals industries

“Trade wars are good, and easy to win,” President Donald Trump tweeted in March 2018 after imposing sweeping tariffs on US imports of steel and aluminum. The application of a little-known trade remedy sent shockwaves across the metal markets and upended well-established supply chains. More than ...

MAPF Portfolio Composition : November, 2019

Turnover remained high at 20% in November; the market was volatile during the month and the IAIS announcement abandoning the drive towards DeemedRetractions also had an effect. The fund’s trading will probably be higher in the future than has been normal for the past several years, since the extr ...

LNG displaces Atlantic basin pipe gas, but meets resistance in Asia

Liquefied natural gas (LNG) cargoes have displaced pipeline natural gas volumes in the Atlantic Basin throughout 2019, due to historically low spot prices of the shipped fuel. Higher LNG spot market activity has helped unleash some of the commodity’s inherent flexibility. It is inherent because a ...

Frontera Announces 2020 Capital Plan and Guidance Information

Outlook for Operating EBITDA in Excess of Capital Expenditures Provides Excess Cash for Maximizing Shareholder Value  Transformational Exploration Opportunities to be Executed in 2020 in Colombia, Guyana and Ecuador Update to Board of Directors TORONTO, Dec. 5, 2019 /CNW/ – Frontera Energy Corpo ...

TransGlobe Energy Corporation Announces an Update to a Significant Shareholder

CALGARY, Alberta, Dec. 05, 2019 (GLOBE NEWSWIRE) — AIM & TSX:  “TGL” & NASDAQ:  “TGA” TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer)   1a. Identity of the issuer or the underlying issuer of existing ...