Paris, 4th of April 2019
Powernext has developed an auction system for Guarantees of Origin (GOs) which will be launched in September 2019.
Powernext has been reappointed as the operator of the national registry for guarantees of origin in France for electricity produced from renewable sources or via co-generation. In addition, the mandate of Powernext has been extended to include the organization of auctions for guarantees of origin issued for generation facilities benefitting from state subsidies. This appointment, as announced by the Ministry for an Ecological and Solidary Transition via a decree dated 24th of August 2018, entered into force on the 1st of January 2019 for a period of five years.
Powernext is in charge to organise the auctioning of guarantees of origin issued to generation facilities benefitting from feed-in tariffs. These guarantees of origin will be issued on the French State’s account before being sold totally or not to the market.
The quantity of GOs to be auctioned each month will be defined by the ministry, who will be the only seller in the auction. The theoretical maximum of auctioned GOs in France corresponds to the total generation of renewable electricity benefitting from feed-in tariffs and market premium, and amounts to approximately 40 to 50 TWh per year.
At the beginning of each month, the French State will define the list of Guarantees of Origin that will be auctionned. This list will be available on the Powernext website and on the Auction platform, at least 10 days before the auction. GOs issued on month M will be auctioned 3 months later.
Thanks to this new auction system, buyers of GOs would have the possibility to submit different orders :
- Simple orders :
- Simple generic orders contain a volume and a price concerning a whole technology, a whole region, or all GOs (without any distinction).
- Simple defined orders contain a volume and a price concerning a pair of region and technology.
- Multiple orders consist of a combination of simple defined orders or simple generic orders at different prices for a fixed volume to satisfy.