RES market operator DAPEEP’s inaugural auction offering Renewable Energy Guarantees of Origin, appears set to be delayed by at least two months as its set of rules have yet to be approved by RAAEY, the Regulatory Authority for Waste, Energy and Water. The inaugural auction had been planned for within the first fortnight of January.

RAAEY deemed that numerous revisions were made to the auction’s proposed regulations following comments submitted during public consultation and, as a result, has decided that an additional round of consultation is now needed so that interested parties may be informed and given an opportunity to comment on these changes, sources informed.

The authority is expected to officially decide on an additional round of consultation for the auction at a board meeting either today or next Thursday.

As a result of the changes, the inaugural auction is now not expected any sooner than late March. DAPEEP is believed to be ready to stage the auctions from a technical point of view.

The auction will offer Guarantees of Origin by RES plants operating from January 1, 2021 onwards.

The procedure will include linking the Greek register of Guarantees of Origin with corresponding European registers, establishing a connection with all markets on the continent.