BUYECO - Understanding Guarantees of Origin: The Complete Guide

In summary: what are Guarantees of Origin?

Guarantees of Origin (GO or GOO) are a system used to certify the origin of electricity, particularly for renewable energies. They ensure transparently that a certain amount of electricity has been generated from renewable sources such as hydroelectricity, solar energy, or wind power. This is an effective way for consumers, businesses, or distributors to verify the origin of the electricity they purchase and its traceability.

How Does It Work?

1. Production

An electricity producer generates 1 kWh of renewable energy. This energy is ready to be distributed across the global network, where it mixes with energy from other sources.

2. GOO Emission

For the producer, it's crucial to certify that their energy is from renewable sources. An official organization, like Pronovo in Switzerland, issues a certificate attesting to this origin, which the producer can use to prove the sustainability of their energy.

3. Purchasing a GOO

Electricity consumers cannot distinguish the origin of the electricity they receive. By purchasing Guarantees of Origin, consumers ensure that for every kWh consumed, a kWh of renewable energy has been produced and added to the global network, supporting green energy.

What are the Benefits of Guarantees of Origin?

Transparency

Buying Guarantees of Origin is a significant step for consumers and businesses concerned about their environmental impact. By opting for these guarantees, you're doing more than just buying electricity; you're investing in a sustainable future.

Traceability

Each purchase of a Guarantee of Origin ensures that an equivalent amount of renewable energy has been produced and injected into the global energy network.

Support for Renewable Energy

This directly supports green energy producers, encouraging the development and expansion of renewable technologies.

Guarantees of Origin Market

When to buy?

Purchases are generally made annually or biannually, and less frequently monthly.

Prices and influencing factors

The prices of guarantees of origin vary depending on several factors, including market demand, production region, quantity purchased, and the associated quality label. Prices can also fluctuate based on energy and environmental policies.

Trading platforms

On platforms like BUYECO, guarantees of origin are traded transparently. These platforms facilitate transactions, allowing buyers and sellers to negotiate prices and secure authentic certificates. Learn more about how the platform works.

Market trends

The guarantees of origin market is continuously growing, supported by favorable government policies and an increasing demand for renewable energy sources. Technological innovations and investments in renewable infrastructure continue to positively influence this market.

Understanding Guarantees of Origin: The Complete Guide