The Energy Community Secretariat launched a project which will assist its Contracting Parties to put in place electronic systems for guarantees of origin (GOs).
Guarantees of Origins (GOs) are electronic documents that inform final consumers how much electricity was produced from renewable sources.
“Guarantees of origin can be a real game-changer by driving new renewables investment. On top of that, it will give the Contracting Parties a head start in implementing the Renewable Energy Directive, one of the key elements of the newly adopted Clean Energy Package”, remarked Mr Artur Lorkowski, the Director of the Secretariat.
The electronic systems will enable management of the issuance, transfer and cancellation of guarantees of origins in line with EU rules and principles. These systems will also allow each Contracting Party to have their own national register and trade GOs regionally.
The countries representing Contracting Parties include Albania, Bosnia and Herzegovina, Georgia, Kosovo*, North Macedonia, Moldova, Montenegro and Ukraine.
* This designation is without prejudice to positions on status and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence.