Thursday, 28 February 2019
The market for Guarantees of Origin (GOs) saw significant growth in 2018. Transaction issuance rose by 14% from 2017 while cancelations grew by 8%. At the same time, the rate of expiry fell from 33.5 TWh in 2017 to 9.8 TWh in 2018, a decrease of 71%, which was likely driven by the substantially higher GO price compared to 2017. Cross-border activity rose by 23%, whereas the transfer of GOs, i.e. within a domain grew by 14% during 2018.