Hungary, At the auction held on 20 December, guarantees of origin prices continued to rise sharply

, SEE Energy News

At the auction held on 20 December, guarantees of origin (GO) prices continued to rise sharply, with Hungarian GOs sold at 6.35 euros/MWh on average. The traded volume was similar to the previous auction held in November. This underlines the significant interest for GOs, however the market witnessed decreasing prices for the first time since the launch.

The traded volume was 274,902 MWh in December with an all-time high of 20 market participants and 61 % of the offered AIB standard guarantees of origins were sold on the most liquid pan-European GO market. While in September Norwegian and Hungarian GOs, in October French and Hungarian GOs, in November only Hungarian GOs were sold, now Hungarian and Croatian GOs were traded. However, the offered volumes included French GOs this time as well.

On 20 September 2022, HUPX organized the first guarantees of origin (GO) auction in Europe, where all market participants active in any AIB member country had the opportunity to sell GOs. HUPX, the operator of the first pan-European GO market since then holds monthly auctions, hence the second auction was held on 18 October, the third on 22 November and the fourth on 20 December.

The next auction will be held on 17 January 2023.