“Guarantees of Origin Market / Maria Koulouvari / Operator of RES and Guarantees of Origin (DAPEEP S.A.)
The Guarantees of Origin Registry in Greece has been operating since 2010, in full compliance with the Directive 2009/28/EC, supported by an information system that provides security and traceability for all transactions performed. After almost a decade of operation, guarantees of origin are not widely used in the country and there are very limited international exchanges. A significant reason for this is the absence of disclosure regulation. The amount of electricity that is sold to a customer or exported from the country using guarantees of origin, remains in the share of renewable electricity disclosed to all Greek consumers alike. This is called “double counting” of electricity.
As a result, electricity suppliers in Greece do not promote the use of guarantees of origin to their customers and most EU member states do not recognize the Greek guarantees of origin for disclosure in their domain.
Nevertheless, guarantees of origin may significantly contribute to the compliance with the national target for renewable electricity production, because they are an important asset of renewable energy stations, especially for those that are not getting any financial support. To this direction, the new Renewable Energy Directive (EU/2018/2001) has envisaged a Union-wide green label with the view to promote the use of renewable energy coming from new installations.
Taking into consideration the experience of the European electricity market and the provisions of the new Renewable Energy Directive that promotes the use of guarantees of origin, the standardization of guarantees of origin issued in Greece and the integration into the European environmental market is necessary in order to meet the ambitious target of 2030.”
Source: https://www.haee.gr/media/5404/guarantees-of-origin-market.pdf
