Difference between revisions of "Guarantee of Origin"
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* [http://www.aib-net.org Association of Issuing Bodies] | * [http://www.aib-net.org Association of Issuing Bodies] | ||
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Revision as of 15:09, 1 June 2023
Definition
A Guarantee of Origin (GO) is an Energy Certificate defined in Europen Union legislation[1]
Usage
A GO assigns electricity attributes that typically (but not exclusively) characterise Renewable Energy, thereby providing information to electricity customers on the sources and potential ESG impact of their energy.
Each GO certificate guarantees that one MWh of electricity has been produced from energy sources with specific attributes.
An entity can purchase guarantees of origin as documentation for the electricity delivered or consumed.
Guarantees of origin are cancelled in the electronic certificate registry. This standardized instrument allows to track ownership, verify claims and ensure that guarantees of origin are only sold once and that there is no Double Counting.
Guarantees of origin can be traded.
The issuance, trading and cancellation of GO is standardized through the European Energy Certificate System (EECS) provided by the Association of Issuing Bodies (AIB). The European Energy Certificate System makes trade, cancellation and use of GOs standardized across AIB members.
Energy Attributes
The following is a list of attributes referenced in a GO certificate:
- Production period: Refers to the month and year when the electricity was produced.
- Issued: GOs created in a month for electricity produced in an earlier month.
- Transfer: Transfer is the delivery process of GO from one party to another
- Import - export: GOs can originate from a country other than the country of consumption. GOs can be imported (exported) from another country either via import (export), or via cancellation.
- Cancellation: Cancellation is analogous to physical 'use' of a GO certificate and is the method for allocating the attributes of the electricity to the single end-user. Cancelling a GO is the only way to redeem its benefits while ensuring that the certificate will not be traded, given, sold, or used by another end-user. Consumer information and avoidance of double counting is the main objective of this system.
References
- ↑ article 15 of the Renewable Energy Directive 2009 (Directive 2009/28/EC)
