Grexel, part of EEX Group, has been appointed by the Energy Community to establish an electronic system for Guarantees of Origin (GOs) in Albania, Bosnia and Herzegovina, Georgia, Kosovo, North Macedonia, Moldova, Montenegro and Ukraine.
Grexel, part of EEX Group, has been appointed by the Energy Community to establish an electronic system for Guarantees of Origin (GOs) in Albania, Bosnia and Herzegovina, Georgia, Kosovo, North Macedonia, Moldova, Montenegro and Ukraine.
The Energy Community is an international organisation which brings together the European Union and its neighbours to create an integrated pan-European energy market.
Guarantees of Origin are a tracking instrument that enables confirmation of the origin of electricity, thereby determining the quantity stemming from renewable production within the total of electricity that flows through the grid. This makes them an indispensable tool to promote the production and consumption of green electricity, by ensuring its traceability which enables further investment into renewables.
The main objective of the project, funded by the Energy Community, is to extend the EU GOs rules and principles to 8 new countries with a solution, allowing for managing issuance, transfer and cancellation of Guarantees of Origin regionally. The solution designed by Grexel will then enable each country to have its own national registry while allowing them to transfer GOs regionally and potentially Europe-wide and internationally in the future.
