To support renewable energy matching, energy exchange Nord Pool and start-up Granular plan to launch an auction system for hourly guarantees of origin (GOs) transaction in the third quarter, as part of a pilot project for establishing 24/7 renewable energy matching in the UK.
Representatives from Nord Pool and Granular revealed during a webinar on January 26 that the firms are finalizing the market architecture for the demonstrator and aim to publish a registration for hourly renewable certificates in the second quarter before moving to an auction test phase. Following that will be a 12-month operational auction phase.
