Tuesday, 18 September 2018
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In April, the ratio of Guarantees of Origin to the electricity price reached 3% for the first time. Due to high electricity prices this summer, the ratio declined to almost 2%, but has now jumped back up to over 3%, which is 30 times higher compared to the ratio observed during 2014. This results in a greater proportion of income from GOs for RES-E producers, and a higher relevance of GOs for all stakeholders, including utilities and traders.
The above charts illustrate the Nordic hydro GO price and the ratio to the German electricity spot price. Germany is the largest RES-GO consumer in the AIB. Following the Fukushima earthquake in 2011, the GO price rose above 0.5 EUR/MWh for a short while. During this time, the price of GOs amounted to approx. 2% of the electricity price in Germany. This ratio kept decreasing until late 2014 when ...