French Auctions for Power Guarantees of Origin
In August 2018, the French Minister for an Ecological and Solidary Transition appointed Powernext, now integrated into EEX, to organize the auctioning of Guarantees of Origin produced by the plants benefiting from a support mechanism. The State is the sole seller during these auctions
Overall presentation of the auctions
Auctions allow the purchase of Guarantees of Origin from production facilities benefiting from a support mechanism. These power plants are registered on the account of the French Climate Authority (DGEC). Only the DGEC can request the issuance of Guarantees of Origin and decide on their auctioning. For each auction, the DGEC decides to offer part or the totality of the volume of GOs available on its account for a given production period.
How do auctions work
Before the auction is held, EEX publishes the exhaustive list of the Guarantees of Origin issued by the State and available for purchase via the auction on the dedicated platform.
Participants registered with Powernext and ECC to participate in the auction then have a period of 7 days to submit their orders and adjust their trading limits. At the latest 2 days after the auction, the results are published and the payment and delivery of the Guarantees of Origin are made.
Calendar of the auctions
Please find below the calendar of the next French auctions for Guarantees of Origin.
Since May 2020 and upon the DGEC's request, the floor price has been communicated to participants ahead of each auction.
Calendar 2024 | Opening of Order Book | Closure of Order Book | Modification of cash trading limits | Order Matching | |
|---|---|---|---|---|---|
| Auctioning month | Production month | Wednesday 10:00 AM | Wednesday 10:00 AM | Tuesday 4:00 PM | Wednesday 12:00 AM |
| September 2024 | June 2024 | 9/11/2024 | 9/18/2024 | 9/17/2024 | 9/18/2024 |
| October 2024 | July 2024 | 10/9/2024 | 10/16/2024 | 10/15/2024 | 10/16/2024 |
| November 2024 | August 2024 | 11/13/2024 | 11/20/2024 | 11/19/2024 | 11/20/2024 |
| December 2024 | September 2024 | 12/04/2024 | 12/11/2024 | 12/10/2024 | 12/11/2024 |
*Kindly note the utilized Date Format is as follows: MM/DD/YYYY
Access to auctions
Participation in the auction will be open to any company that meets – among others – the following criteria:
- Be an account holder on the registry of GO operated by EEX
- Accept the GO Auction General Terms and Conditions and adhere to the corresponding Access Agreement
- Be a member of ECC and sign a clearing contract (several clearing models will be proposed).
- Pay the annual auction registration fee
Guarantees of Origin - FAQ
| Publishing date | Title | File |
|---|---|---|
| 2020-10-12 | Guarantees of Origin Registry - FAQ (English) | pdf (241 KB) |
| 2020-10-12 | Guarantees of Origin Registry FAQ (French) | pdf (257 KB) |
Results
Each month, EEX publishes the latest auctions results.
The reserve price for the September auctions is: 0,15 €/MWh.
| July 2024 | |||
|---|---|---|---|
| Region | Volume Offered - MWh | Volume allocated - MWh | Weighted Average Price - €/MWh |
| Auvergne-Rhône-Alpes | 289,610 | 289,610 | € 0.49 |
| Bourgogne-Franche-Comté | 137,143 | 137,143 | € 0.47 |
| Bretagne | 84,282 | 84,282 | € 0.48 |
| Centre-Val de Loire | 159,580 | 159,580 | € 0.49 |
| Grand Est | 357,316 | 357,316 | € 0.47 |
| Haut-de-France | 441,849 | 441,849 | € 0.45 |
| Île-de-France | 38,906 | 38,906 | € 0.47 |
| Normandie | 106,697 | 106,697 | € 0.44 |
| Nouvelle-Aquitaine | 527,961 | 527,961 | € 0.46 |
| Occitanie | 477,290 | 477,290 | € 0.43 |
| Pays de la Loire | 128,053 | 128,053 | € 0.44 |
| Provence-Alpes-Côte d'Azur | 276,452 | 276,452 | € 0.43 |
| July 2024 | |||
|---|---|---|---|
| Technology | Volume Offered - MWh | Volume allocated - MWh | Weighted Average Price - €/MWh |
| Wind | 1,141,484 | 1,141,483 | € 0.46 |
| Hydro | 228,595 | 228,595 | € 0.45 |
| Solar | 1,340,179 | 1,340,179 | € 0.46 |
| Thermal | 314,881 | 314,881 | € 0.43 |
Guarantees of Origin Data
| Publishing date | Title | File |
|---|---|---|
| 2024-10-17 | GO 2024 Global Results | zip (649 KB) |
| 2024-04-23 | GO 2019-2023 Global Results | zip (4 MB) |
| 2023-03-07 | EEX Customer Information – Double enchère pour Mars 2023 | pdf (100 KB) |
| 2021-11-24 | Cahier Des Charges mise aux enchères GO - approuvé (FR) | pdf (9 MB) |
| 2021-11-24 | EEX Enchères de Garanties d’Origine françaises – Conditions Générales (FR) | pdf (550 KB) |
| 2021-11-24 | EEX French Guarantees of Origin Auction General Terms and Conditions (EN) | pdf (516 KB) |