What Are Guarantees Of Origin Gos

Guarantees of Origin: Unlocking the Power of Renewable Energy Transparency

What are Guarantees of Origin (GOs)?

Guarantees of Origin (GOs), also known as electronic certificates, are tradable certificates issued to suppliers to prove the origin of electricity generation from renewable sources. Each GO represents 1 Megawatt-hour (MWh) of electricity generated from renewable sources.

How GOs Work

* Guarantees of Origin are issued by authorized bodies and certified by independent auditors. * GOs are used by suppliers to demonstrate to consumers that the electricity they sell is sourced from renewable sources. * GOs can be traded and redeemed, providing an incentive for the production of renewable energy.

Benefits of GOs

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Transparency and Traceability:

GOs provide a transparent system for tracking the origin of renewable electricity, ensuring that consumers can verify the authenticity of their green energy purchases. *

Supporting Renewable Energy Production:

GOs create a market demand for renewable energy, incentivizing suppliers to invest in and develop renewable energy sources. *

Consumer Confidence:

Consumers can have confidence that the electricity they are paying for comes from renewable sources, empowering them to make informed choices about their energy consumption.

Navigating the GO Market

The GO market is constantly evolving. To navigate it effectively: * Stay informed about regulatory developments. * Choose reputable GO issuers and suppliers. * Consider using brokers or aggregators to facilitate GO trading.

Conclusion

Guarantees of Origin play a crucial role in the renewable energy sector, providing transparency, traceability, and confidence in the origin of electricity. By understanding how GOs work, consumers and suppliers can contribute to the development and utilization of renewable energy sources.