Auctions for Renewable Energy Guarantees of Origin, providing transparency to consumers about the proportion of electricity that suppliers source from renewable generation, a scheme required of all EU member states, are planned to be launched in Greece during the first half of the year.

These 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.

RAE, the Regulatory Authority for Energy, has put forth, for consultation, Renewable Energy Guarantees of Origin regulations proposed by DAPEEP, the RES market operator. This procedure is scheduled to be completed on January 9.

The authority is expected to have approved the regulations for Renewable Energy Guarantees of Origin auctions by the end of this month, thus establishing a comprehensive framework for the creation of a trading system for “green” certificates in Greece.