RES market operator DAPEEP is planning to hold the first auction for guarantees of origin by the end of 2023. The introduction of guarantees of origin auctions was enabled by the legislative revision, designed to provide transparency to consumers on the proportion of electricity that suppliers source from renewable generation, which is required of all EU member states.
Proceeds from the auctions will also be an additional source of revenue for the RES special account. As part of the preparations for the new auctions, the Greek register for guarantees of origin has been linked up with its European counterparts.
Greek RES certificates will now have access to all European markets whose issuing bodies are also registered with the Association of Issuing Bodies (AIB). This development is expected to enhance the value of domestic guarantees of origin as it enlarges the potential pool of large-scale electricity consumers and suppliers to whom Greek RES certificates will become available.
