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)
With the continued focus on the energy transition, EEX has expanded its GO Futures portfolio to include Wind-Hydro-Solar (WHS) GO Futures. These new contracts combine the three most frequently traded renewable sources, providing an additional hedging opportunity for participants.
- EEX European WHS GO Future (mix of supported and unsupported GOs)
- EEX European WHS unsupported GO Future
Following market research and community feedback EEX offers two options for trading:
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 within one calendar month 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 grids. The Management Board of the Exchange determines and announces the countries comprised by the above. Currently, the GO in scope of the
pursuant to the EECS Rules Fact Sheet 5 – Types of Energy Inputs and Technologies, and the GO in scope of
pursuant to the EECS Rules Fact Sheet 5 – Types of Energy Inputs and Technologies and the Fact Sheet 3 – Types of Public Support in their respective valid version (EEX Power GO Futures). The electricity certified by the GO must have been produced for EEX Year Power GO Futures in one of the months March through December of the year preceding the respective maturity of the future. |
| 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_FE_GO_HYD_DMS |
| EEX European Wind Power GO Future | DE000A30BLB5 | A30BLB | EGOW | EEX_FE_GO_WIN_DMS |
| EEX European Solar Power GO Future | DE000A30BLC3 | A30BLC | EGOS | EEX_FE_GO_SOL_DMS |
| EEX European Renewable Power GO Future | DE000A30BL99 | A30BL9 | EGOE | EEX_FE_GO_POW_DMS |
| EEX European WHS GO Future | DE000A4APS84 | A4APS8 | EGOX | EEX_FT_GO_WHS_DMS (Trading) EEX_FE_GO_WHS_DMS (delivery) |
| EEX European WHS unsupported GO Future | DE000A4AP1P8 | A4AP1P | EGOU | EEX_FT_GO_WHSU_DMS (trading) EEX_FE_GO_WHSU_DMS (delivery) |
Benefits - Why trading GO Futures at EEX?
- A complete offering of GO trading portfolio by EEX Group
- An innovative way to hedge while engaging with European renewable power
- Simplified access to a diversified mix of the most traded renewable technologies
- Price discovery for both state-supported and unsubsidised, market-driven renewable generation
- Standardised contracts
- Automated physical delivery of GOs
- Time and inter-product spread trading
- Capital efficiencies and security through clearing on ECC
Watch our short video!
| Publishing date | Title | File |
|---|---|---|
| 2024-11-19 | FAQ - GO Futures | pdf (400 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) |