1 / 4

The Guarantees of Origin System: Challenges and Remedial Measures

This article discusses the double-counting issue in the Guarantees of Origin (GO) system and proposes remedial measures to address it. It highlights how the current system allows corporations to reduce their carbon footprint without contributing to additional renewable electricity production. The suggested changes aim to make the GO system consumer-centered and ensure transparency in electricity disclosure.

terryc
Download Presentation

The Guarantees of Origin System: Challenges and Remedial Measures

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 11 The Guarantees of Origin system: introductory statements Jaap Jansen CEPS_thinktank

  2. The current system has a double counting problem EU legislators stipulated in 2008 that the use of GO is solely for electricity disclosure. GO should not interact with national support schemes Yet allowing GO of supported renewable electricity tacitly re-links GO with support schemes Besides, it enables double counting (double use) of the renewable feature of a certain MWh of supported electricity The Commission proposal to auction “support GO” does not remedy the double counting issue The current GO system enables Corporations to reduce their carbon footprint with ‘support GO’, which hardly contributes to additional renewable electricity production What’s more: this way of carbon footprint reduction is largely paid for by the support scheme concerned, hence ultimately by the electricity consumers

  3. Suggested key remedial system changes The purpose of GO should be made unambiguously explicit. E.g.: “The purpose of GO is to create awareness among each electricity consumer on the origin of the electricity he or she buys; GO should facilitate those consumers who wish so, to contribute to a better environment through their product choices.” The system should be made really consumer-centered. Every consumer should be disclosed in the mandatory disclosure label only the fuel mix of the electricity delivered to him/her (i.e. the ‘product mix’) + 2 environmental indicator values (CO2eq. emissions; nuclear waste) GO of electricity the production of which benefits from a support scheme should be cancelled upon issuance Consider inclusion of a paragraph in REDII mandating the Commission to introduce , contingent on evolving GO market developments, a technology-neutral duration limit as from the commissioning date of a renewable energy plant to entitlement of its operator to the GO issued of the electricity generated by the plant. Upon the day the duration limit becomes binding, all GO issued to account for its subsequent production should be cancelled upon issuance

  4. THANK YOU! @CEPS_thinktank info@ceps.eu www.ceps.eu 1 Place du Congres, 1000 Brussels Tel: (+32 2)229 39 11

More Related