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 had the opportunity to sell GOs. The first pan-European GO market then hold monthly auctions, the second auction was held on 18 October.
At the auction on 18th October, the GO prices continued to rise, Hungarian GOs were sold at 5.23 euros/MWh, while French GOs reached 5.37 euros/MWh on average. These prices mark the growing demand for green energy, as they exceeded 5 euros/MWh for the first time ever. The traded volume was 512,857 MWh with 19 market participants and 92 % of the offered AIB standard guarantees of origin were sold on the auction.
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. 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. The next auction will be held on 20 December.