Energy Traders Europe has sent proposals to the European Commission on how to ensure that the Carbon Border Adjustment Mechanism puts a fair price on carbon-intensive electricity imports and facilitates low-carbon flows. On July 1, the European Commission’s Directorate-General for Taxation and Customs Union launched a public consultation on the potential downstream extension of the […]
North Macedonia has issued 107,666 guarantees of origin for electricity in the first two months since introducing the mechanism. In April, the National Electricity Market Operator (MEMO) established the Register of Guarantees of Origin for electricity. On May 26, MEMO officially issued the first renewable energy guarantees of origin to state-owned power company Elektrani na […]
State-controlled hydropower plant operator NEK said it would launch auctions for gurarantees of origin in Bulgaria, providing liquidity in the market segment. There is currently no offering scheduled on the IBEX electricity exchange. Following the first auction for guarantees of origin (GOs) in Bulgaria last month, state-owned hydropower operator Nаtsionalna elektricheska kompania (NEK) is preparing […]
North Macedonia’s National Electricity Market Operator MEMO has issued the country’s first guarantees of origin (GOs), certificates verifying that electricity is generated from renewable energy sources. The guarantees were awarded to state power utility Elektrani na Severna Makedonija (ESM) for electricity produced from hydropower. With this step, North Macedonia joins virtually all other countries in […]
The past three to four years have been nothing short of transformational when it comes to the energy transition in the Western Balkans, said Borislav Kostadinov, Finance in Motion’s Fund Director for the Green for Growth Fund, in a keynote address at Belgrade Energy Forum. The region has responded to the energy crisis with innovation, […]
Four participants registered last month at the Independent Bulgarian Energy Exchange’s guarantees of origin platform, creating a national market. Separately, IBEX is preparing to roll out a 15-minute market time unit in the Single Day-Ahead Coupling on June 11 with other European nominated electricity market operators. The Independent Bulgarian Energy Exchange (IBEX) said it launched […]
Only after the first auction was held, lawmakers in Prishtina enabled subsidizing renewable electricity plants through contracts for difference (CfDs). Passing the Law on the Promotion of the Use of Renewable Energy Sources, they also cleared the way for the introduction of guarantees of origin, a renewable energy operator and support fund, energy communities and […]