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.

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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.

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