Operator’s green Guarantees of Origin auction rules nearing approval

DAPEEP, the RES market operator, is working on a third round of revisions for regulations concerning Renewable Energy Guarantees of Origin auctions, which it aims to deliver to RAE, the Regulatory Authority for Energy, for approval by the end of this month, energypress sources have informed.

Renewable Energy Guarantees of Origin, providing transparency to consumers on the proportion of electricity that suppliers source from renewable generation, are required of all EU member states.

If RAE approves the plan within June, the country’s first auction offering Renewable Energy Guarantees of Origin can be expected to be staged by December as, according to existing law, a first auction must be staged within six months of the plan’s approval.

Two rounds of consultation, one involving RAE and market players, the other RAE and DAPEEP, have already been staged as part of the procedure shaping regulations for Renewable Energy Guarantees of Origin auctions.

A new information system to be prepared by DAPEEP for its Renewable Energy Guarantees of Origin will link the operator’s platform with the online system of AIB, the Association of Issuing Bodies. DAPEEP is one of 24 AIB members in Europe authorized to issue Renewable Energy Guarantees of Origin.

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.