Different shades of green
Most long-term power delivery contracts with renewable energy systems involve the delivery of electricity through the public grid via off-site power purchase agreements. This leads to a key question: “How do I as a customer know when and if I am really using renewable electricity, and how can I prove that?” Simon Göß and Michael Claußner from Energy Brainpool GmbH & Co. KG, a European market research firm focused on energy trading, address these questions. They note how the development of green hydrogen is an opportunity to create more flexible power markets by fostering the adoption of renewables.
Regardless of the power purchase agreement (PPA) contract structure for the procurement of renewable electricity, for each MWh generated, producers can claim green energy certificates. In Europe, they are the so-called Guarantees of Origin (GOOs). These digital tokens prove that the generated MWh are from a renewable power plant. Typically, they are transferred to an …
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