Hungary, Guarantees of origin (GO) prices continued to rise sharply

, SEE Energy News

At the auction held on 22 November, guarantees of origin (GO) prices continued to rise sharply, with Hungarian GOs sold at 8.16 euros/MWh on average.

The volume weighted average price mark the growing demand for green energy, as it exceeded 8 euros/MWh for the first time ever on an organized GO market. As a comparison, during the past auction held in October prices reached 5 euros/MWh. The traded volume was 289,967 MWh in November with 14 market participants and 84 % of the offered AIB standard guarantees of origin were sold on the most liquid pan-European GO market.

While on the September auction Norwegian and Hungarian GOs, on the October auction French and Hungarian GOs were sold, now only Hungarian GOs were traded. However, the offered volumes included French GOs this time as well.

On 20 September, Hungarian energy exchange 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 and the third on 22
November.

The next auction will be held on 20 December.

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