RES market operator DAPEEP aims to stage an inaugural auction offering Renewable Energy Guarantees of Origin by the end of the year.
A relevant legislative revision was made in the summer of 2022 to facilitate the introduction of Renewable Energy Guarantees of Origin, designed to provide transparency to consumers on the proportion of electricity that suppliers source from renewable generation, required of all EU member states.
Proceeds generated at Renewable Energy Guarantees of Origin auctions also promise an additional source of revenue for the country’s RES special account.
As part of the preparations for the new auctions, the Greek register for Guarantees of Origin has just been linked up with its European counterparts, DAPEEP announced. As a result, Greek green-energy certificates will now have access to all European markets whose issuing bodies are also registered with the Association of Issuing Bodies (AIB).
This development is expected to enhance the value of domestic Guarantees of Origin as it enlarges the potential pool of large-scale electricity consumers and suppliers to whom Greek green-energy certificates will become available.
Renewable Energy Guarantees of Origin auctions promise to create new conditions in Greece for the establishment of green electricity tariffs for consumers wishing to support the decarbonization of the country’s energy mix.