Market participation

At RECS International we see our role as bringing order and structure to the certification of electricity. This is done by presenting truthful and factual information to the purchaser of electricity, the consumer, allowing them to make an educated and informed electricity purchase decision. The Guarantee of Origin (GOs) provide the tool for this information transfer via a reliable and transparent 'book-and-claim' system. However, we see a need for greater harmonisation and higher levels of trading to make the cost of the GO match the value of the electricity source. In the long run, we look forward to a pan-European market for renewable energy, backed-up by universally accepted GO certificates.

In 2001 we introduced our own RECS system for renewable electricity certificates. Almost at the same time the initial Renewables Directive 2001/77/EC brought about the introduction of the GO. The Association of Issuing Bodies (AIB) set up the European Energy Certificate System ( the EECS System) to be able to handle both the RECS certificate and the GO. The RES market is still evolving and growing: that first year, 2001 delivered a few hundred GWh of electricity from production site to end-user.  Since then growth has averaged 35% a year and today the market canceled more than 250 TWh of electricity in Europe through the standardized EECS system.  250 TWh reflects more than 8% of all European electricity.
 
GO prices are based on the same principles as all supply and demand markets.  As the demand raises and the supply stays the same the prices too will rise.  Prices in this market are not indexed - meaning - there is no standard price or agreed upon value.  For this reason GO sale prices are often only information for the market players that have agreed upon a specific deal.  That being said, some commoditized GOs (for example large scale hydroelectric) are more likely to have a stable price than low supply GOs like solar.  
 
For information regarding the market volumes please go to the AIB Website, or go directly to their statistics page