 held the 34th auction for Guarantees of Origin (GOs), with the book opening on 13 July 2022 and order matching on 20 July 2022 for April 2022 production GOs.

A total of 4.7 TWh of supported RES-E GOs were auctioned, similar to the 

 while still significantly lower than the auctions in 

. As usual, all offered volumes were sold. The Wind GOs represented around 60% of the total auctioned volume, with a 4% decrease in auctioned volumes compared to the previous auction; Hydro, Solar, and Thermal GOs auctioned volumes moved by +14%, +10%, and -3%, respectively.

FR 34th - Auction Result

, the prices of all technologies have increased, at an average of 18% (between +14% and +20%), translating to a 27 to 36 Eurocents increase. Compared to current year 

 (excluding Thermal GOs), GOs sourced were sold at a discount. Thermal (Cogeneration and Biomass) GOs were traded with a premium of 16 Eurocents/MWh, while Solar GOs were auctioned at a discount of 13 Eurocents/MWh. GOs for Hydro and Wind were also auctioned at a discount of 6 and 7 Eurocents/MWh, respectively.

The upward trend of auction prices correlates with movements in the 

 for 2022 production for the past month, which is around five times above auction prices of twelve months ago.

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