GO Futures
Guarantees of Origin
GOs are a key component of the energy transition as they provide transparent tracking of origins of renewable energy within the EU and help decarbonise your environmental footprint under international corporate standards such as RE100, SBTi and CDP. Over the past several years, the supply and demand for GOs has increased significantly, driven by renewable energy policies and more corporations decarbonising their operations via the purchase of GOs.
With its companies Grexel, EEX and EPEX SPOT EEX Group operates the entire value chain for the GO markets, including registry services, auctions and clearing & settlement, thus ensuring standardisation, transparency and trust in the market for renewable energies
EEX Guarantees of Origin Futures
EEX, in collaboration with IncubEx, have introduced exchange traded, cleared and physically delivered Guarantees of Origin (GOs) futures in Europe, providing participants an innovative way to hedge or engage directly into the attributes of European renewable power. The contracts offer participants standardisation, price transparency with capital efficiencies and security through clearing on European Commodity Clearing (ECC). The following futures are available for trading:
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EEX European Hydro Power GO
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EEX European Wind Power GO
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EEX European Solar Power GO
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EEX European Renewable Power GO (any technology GOs: Hydro/ Wind/ Solar/ Biomass)
Upcoming: EEX European WHS GO Futures
EEX will expand its suite of Guarantees of Origin (GO) Futures, pending regulatory approval. The expansion includes Wind-Hydro-Solar (WHS) GO Futures, which combine the three most frequently traded renewable sources into a single, standardised contract.
A significant development within this launch will be the introduction of a futures contract dedicated to unsupported GOs. Originating from unsubsidised, market-driven renewable generation, these certificates represent the growing maturity of Europe’s renewable energy landscape. This pioneering contract enhances market transparency by providing a market-based price signal for unsubsidised renewable assets.
The new futures contracts available for trading will be:
- EEX European WHS GO Future
- EEX European WHS unsupported GO Future
These additions are designed to meet the evolving needs of the market and provide participants with innovative hedging tools, complementing the existing GO trading portfolio.
Learn More in Our Webinar
Webinar: GO Futures Launch - together with IncubEx | 19/09/2024
We introduced our newly launched futures contracts on Guarantees of Origin which were designed to facilitate price risk management, enhance market transparency and reduce counterparty risk.
Topics of the webinar include:
- Detailed explanation of the new products
- EEX Group offering for GOs/registries
- Admission and ways to access
- Q&A session
Notice: To activate the video, please click on the picture. Please note that after activation your data will be forwarded to YouTube.
Contract Specifications*
Contract Specifications - GO Futures
| Underlying | Valid GO issued for the production of electricity from renewable energy sources within the meaning of Article 2 (12) of Directive (EU) 2018/2001 (European Renewable Energy Directive) in conjunction with Article 19 of Directive (EU) 2018/2001 and the EECS standard established by the Association of Issuing Bodies (AIB) that relates to the energy source as product type (Sect. D2.2.1(b)(i) of the EECS Rules). One GO certifies 1 MWh production of electricity by means of a hydro, wind, solar or biomass technology installation located in a Member State of the European Economic Area that is represented by a member in the AIB and that is connected to the AIB Hub and whose Distribution or Transmission Systems are interconnected with other European electricity grid(s). The Management Board of the Exchange determines and announces the countries comprised by the above. Currently, the GO in scope of the
of the EECS Rules Fact Sheet 5 – TYPES OF ENERGY INPUTS AND TECHNOLOGIES (EEX Power GO Futures). The production of electricity certified by the GO must have occurred between March and December of the year preceding the maturity of the futures contract. |
| Tradable Maturities | The next four January maturities (EEX Power GO Futures) |
| Contract Volume | 1 lot = 1,000 GOs |
| Minmum Lot-size | 1 contract or a multiple thereof |
| Last Trading Day | The Last Trading Day is the antepenultimate Exchange Day in January of the respective year |
| Fulfillment | Delivery of the purchased Guarantees of Origin (GO) takes place in accordance with the more detailed provisions in the Clearing Conditions on the last ECC Business Day of the respective maturity month, concurrently against payment of the Purchase Price, exclusively and finally by an instruction from ECC to EEX AG as the registry operator to transfer the GO to an account at EEX AG or at a recipient registry operator as specified by the purchasing Exchange Participant. |
| Purchase Price | The Purchase Price for delivery under the futures transactions is the final settlement price multiplied by the quantity of GO to be transferred. The final settlement price is determined on the Last Trading Day of the respective future. |
| Pricing | Pricing in EUR per GO to the second decimal place (EEX Power GO Futures) |
| Minimum Price-Fluctuation | EUR 0.01 per GO (EEX Power GO Futures) |
*Please note that is information purposes only and is not legally binding. The Contract Specifications are available here.
Product Codes
Product Codes - GO Futures
| Name | ISIN Code | WKN | Exchange Code | SMSS Product Group |
| EEX European Hydro Power GO Future | DE000A30BLA7 | A30BLA | EGOH | EEX_FT_GO_HYD_DMS |
| EEX European Wind Power GO Future | DE000A30BLB5 | A30BLB | EGOW | EEX_FT_GO_WIN_DMS |
| EEX European Solar Power GO Future | DE000A30BLC3 | A30BLC | EGOS | EEX_FT_GO_SOL_DMS |
| EEX European Renewable Power GO Future | DE000A30BL99 | A30BL9 | EGOE | EEX_FT_GO_POW_DMS |
Benefits
- A complete offering of GO trading portfolio by the EEX Group
- An innovative way to hedge while engaging with European renewable power
- Standardised contracts
- Automated physical delivery of GOs
- Price transparency
- Capital efficiencies
- Security through clearing on European Commodity Clearing (ECC).
Why trading GO Futures at EEX? Watch our short video!
| Publishing date | Title | File |
|---|---|---|
| 2024-11-19 | FAQ - GO Futures | pdf (400 KB) |
| 2024-10-09 | GO Futures - Factsheet | pdf (127 KB) |
| 2024-09-04 | EEX Press Release - Successful start to trading GO Futures | pdf (138 KB) |
| 2024-07-04 | EEX Customer Information - EEX to list new Futures on Guarantees of Origin | pdf (155 KB) |
| 2024-07-04 | EEX Press Release - EEX and IncubEx to expand European environmental markets with new GO Futures | pdf (150 KB) |