The market for European renewable energy guarantees of origin (GOs) saw prices breaking the EUR 6/MWh mark due to ongoing shortage of hydropower and strong demand from corporate buyers.
Platts, part of S&P Global Commodity Insights, assessed Nordic hydro 2022, the most actively traded GO certificate, at a new all-time high EUR 6.08/MWh on Oct. 28.
The data showed that the value of GO and others of the same kind, which are tradeable certificates associated with green energy production, has not fallen since early September. As recently as late 2021, GOs were selling for less than EUR 1/MWh.