What Is the Price of Guarantees of Origin? Here Are Some Public Price Signals

Research
Reading time:
4
Minutes
24/5/2024
1 / 1

Loading gallery...

No items found.

The market for guarantees of origin (GO) for electricity may seem complicated. Unlike many other markets where prices are fully transparent – visible to all, harmonised, and straightforward – the GOs market operates mainly on the basis of private bidding transactions. Renewable energy producers themselves must look for potential buyers and study their interest and the prices they offer. Soldera offers a more straightforward solution for selling GOs, but more about it at the end of the post. Now, on to the price of guarantees of origin.

Read more: What are guarantees of origin?

What influences the price of guarantees of origin?

We aim to ensure the best price for our members, so we actively monitor the market. Before introducing specific price signals, it is essential to note that a single price for guarantees of origin does not actually exist. The price of GOs varies due to several factors, the main ones being the following:

  • Year of manufacture: According to European regulations, the trading period for guarantees of origin is twelve months after the end of production. As a result, more is usually paid for recent certificates. In addition, several countries restrict the use of guarantees of origin from the previous year to prove the consumption of green electricity in the following year. We have noticed that the price difference between 2023 and 2024 can be as much as triple! There is often no interest in purchasing soon-to-be-expired guarantees of origin. To this end, Soldera regularly organises sales of the guarantees of origin of its members to obtain the best price for fresh certificates.
  • Country of origin: The country of origin influences the price mainly depending on whether the country’s system of guarantees of origin is part of AIB’s membership. The certificates of AIB member states are equal to each other and, therefore, more valuable. Poland, for example, is not yet a member of AIB. Some countries, such as the Netherlands, value their local guarantees of origin particularly highly.
  • Type of energy: The way energy is produced can also impact the price. For example, guarantees of origin based on biomass or renewable fuels may be cheaper than guarantees based on wind, hydro, or solar energy. Finland also issues guarantees of origin based on nuclear power, which may not be as highly valued compared to other energy sources.
  • Quantity: Many buyers are only interested in deals over 10,000 MWh. Tenders for smaller quantities are often less advantageous because they involve transaction costs on the buyer's part. Soldera sells across all connected production sites and ensures that producers of all sizes can access market prices.

Below, we have listed various sources that you can use to monitor the prices of guarantees of origin if you wish.

French auctions (EEX)

The French auction organised by EEX is the primary source of price information. In France, state-supported guarantees of origin for renewable energy are owned by the state and auctioned to reduce the cost of subsidies. The auction occurs monthly in a competitive environment, and the results are publicised. This is an excellent reference if you want to understand the movement and formation of prices.

It is worth noting! At French auctions, guarantees are sold for only one production period at a time. For example, December 2023 production was sold in March 2024, and January 2024 production was sold in April 2024. France, therefore, receives price signals through the auction only for one production year at a time, and this is important to consider when interpreting the results.

The results / prices of the French auction can be found here: EEX GO auction results

We also wrote a price analysis based on the transactions in the latest French auctions.

Hungarian auctions (HUPX)

Another reliable source is the Hungarian auction, managed by the Hungarian Power Exchange (HUPX). Trading with GOs takes place here in a competitive environment as well, and the results are made public to everyone. Although fewer offers and smaller volumes exist, the Hungarian auction is still a valuable reference for all GOs.

It is worth noting! The Hungarian auction summary table ‘Volume Weighted Average Price’ shows data over several years of production, which may give the impression that new guarantees of origin are cheaper and older ones more expensive than they actually are. We recommend looking at the detailed view to get a more accurate idea of prices.

The results of the Hungarian auction can be found here: Results of the HUPX GO auction

Montel

Montel is a versatile platform that provides analytics, consulting and news about the energy market. Its marketplace allows large organisations to post requests to buy and sell GOs. Although transactions take place in the form of private offers (with the exchange of all mutual documentation), Montel provides a daily overview of price movements. Although it’s not a 100% public source, it’s helpful in monitoring real-time price movements.

You can find more information about Montel by clicking here

Soldera – your sales agent on the guarantees of origin market

As we mentioned in the introduction, the market for guarantees of origin for electricity can be complex and unclear. However, Soldera offers a simple and efficient solution for managing and selling guarantees of origin.

Renewable energy producers are divided into two main categories:

  1. those who already receive guarantees of origin but do not wish to engage in active sales,
  2. and those who have not yet started the process of obtaining guarantees of origin.

Soldera is the perfect solution for both groups!

  • We will make sales for you, find the best supplier, carry out the transaction and prepare the necessary documents for you.
  • After registering, just one click of a button is enough to receive withdrawals on our platform.

You can find more information about Soldera and how to join on our website and read more about guarantees of origin on our blog. We look forward to helping you increase your renewable energy revenues and save you time!

⭢ Join our tender list
⭢ Sign up to our newsletter
⭢ Pilot our virtual accounts
Stenver Jerkku
Soldera's Founder & CEO
LinkedIn

Learn more from our articles

Soldera’s Ecolabel Eligibility & Approval automates quality scheme compliance, unlocking premiums from labels like EKOenergy, OK Power, and RE100. Learn how continuous certificate monitoring, buyer preference matching, and seamless tender integration ensure no eligible volume is overlooked, maximizing producer revenues while simplifying complex certification requirements.

3

Soldera Feature Spotlight: Ecolabel Eligibility & Approval

September 17, 2025

Soldera’s Aggregated Forward Sales pool future GO production into institutional-grade auctions, securing predictable revenues from 120+ vetted buyers. Learn how percentage-based allocations, automated transfers, and FAN (Frequent, Aggregated, Networked) tenders reduce volatility, attract premium bids, and transform uncertain market exposure into steady, strategic cash flow.

4

Soldera Feature Spotlight: Aggregated Forward Sales

September 18, 2025

Soldera’s Single Counterparty KYC removes duplicate compliance by replacing many buyer checks with one unified process. Understand why this saves producers time, widens access to 120+ pre-qualified buyers, and ensures competitive bids without paperwork overload, making GO market participation scalable, efficient, and cost-effective.

2

Soldera Feature Spotlight: Single Counterparty KYC

September 17, 2025

Soldera’s Aggregated Spot Sales help producers secure better prices and access wider markets. Explore how certificate pooling, tender-based selling, tiered price floors, and quality label screening boost sales performance. With no upfront fees and aligned incentives, producers gain fair, transparent, and scalable access to premium buyers.

3

Soldera Feature Spotlight: Aggregated Spot Sales

September 18, 2025

Soldera's Device Overview centralizes production device data across 30+ registries. Explore how projected production forecasts, full EECS technology coverage, ownership mapping, and automated registry synchronization give renewable producers clarity, reduce errors, and enable smarter portfolio management, making complex multi-country operations seamless and scalable.

2

Soldera Feature Spotlight: Streamlined Device Overview

September 17, 2025

Soldera’s Scheduled Transfers automate Guarantee of Origin deliveries, eliminating registry complexity, payment coordination, and human error. Learn how automated contract parsing, multi-registry integration, and smart notifications streamline PPAs, cut administrative costs, and boost reliability, giving producers full visibility and control while freeing resources to scale.

4

Soldera Feature Spotlight: Scheduled Transfers of Guarantee of Origin Volumes

September 18, 2025

Spanish Guarantees of Origin require coordination with OMIE, REE, and CNMC, where mismatched registrations often block participation. Learn how representation must align across all three and why even non-RECORE installations can qualify, though administrative hurdles remain high compared with streamlined European markets.

4

Making Sense of Guarantees of Origin in Spain: Spanish GO Management Explained

September 17, 2025

Soldera aggregates producers and runs monthly sealed-bid tenders for spot and forward GOs, ensuring transparent pricing, fast settlement, and confidentiality. Learn how buyers gain access to competitive markets, quality labels, and tailored procurement strategies.

3

Renewable Energy Guide: How to Buy and Trade Guarantees of Origin

September 17, 2025

The Association of Issuing Bodies (AIB) runs Europe’s GO Hub and publishes essential production and transaction datasets. Traders use these to track supply, demand, liquidity, and cross-border flows. Read up on how AIB statistics, annual reports, residual mix, and national datasheets provide the foundation for profitable GO trading strategies.

5

AIB Data: Can Traders Learn From AIB Statistics in Guarantee of Origin (GO) Markets?

September 17, 2025

Norway’s June 2025 RED II alignment hard-wires GOs into EEA law, requiring cancellations for renewable claims. Explore how this curbs double counting risks, strengthens market integrity, and supports demand from suppliers and corporates, making the GO price outlook structurally bullish despite steady Nordic supply.

3

Market Update: Norway Aligns With REDII: What It Means for GO Prices

September 17, 2025

Sweden proposes a 50 kW minimum for Guarantees of Origin, excluding most rooftop PV. Understand why this conflicts with REDIII, limits fairness, and risks harming energy communities. Explore how Soldera urges simplified, affordable participation to keep small producers in the GO system.

4

Market Update: Swedish Energy Agency Proposes Guarantee of Origin (GO) Regulation Changes That Disobey REDIII

September 17, 2025

Soldera runs transparent, competitive auctions where the highest bidder always wins. Buyers benefit from sealed tenders, fast delivery, and strict privacy protections. Producers trust us for consistency and maximized revenue. Explore how our predictable rules, fair processes, and reliable execution make us a trusted counterparty in GO trading.

3

Soldera’s Ethos: Why We Use Sealed Hybrid Tenders

September 17, 2025

Explore how fragmented regulation, low liquidity, and data gaps make GO markets volatile, and learn how renewable producers can use a FAN (Frequent, Aggregated, Networked) approach, automation, and forward sales to stabilize revenues, reduce risk, and turn market swings into strategic opportunities.

6

A Producer Guide: Why Renewable Guarantee of Origin (GO) Markets Are Volatile And How To Use Volatility To Your Advantage

September 17, 2025

Soldera’s Complete Transaction History centralizes all GO activity across registries with full audit trails. Understand why this eliminates Excel reconciliations and manual submissions by providing unified records of trades, invoices, contracts, and cancellations, saving compliance teams days of work while ensuring transparency, accuracy, and effortless reporting.

2

Soldera Feature Spotlight: Complete Transaction History

September 18, 2025

Soldera’s automated contracting cuts weeks of manual GO administration down to minutes. Explore how it processes PPAs, forward sales, transfers, cancellations, and device registrations in any file format or language, with AI-driven accuracy, strict data privacy, and zero preprocessing required for renewable producers.

1

Soldera Feature Spotlight: Fully Automated Contracting

September 17, 2025

Soldera automates device registration for renewable producers, removing the biggest administrative bottleneck. See how AI document parsing, integrated registry messaging, and automated issuance reporting cut delays and paperwork and free up resources. Instead of fighting compliance complexity, producers can scale capacity and focus on growth across European markets.

3

Soldera Feature Spotlight: Effortless Device Registration

September 18, 2025

Soldera’s True Consolidated Reporting delivers real-time visibility across European GO portfolios from one dashboard. Explore how full lifecycle reporting, quality label compliance, automated audit trails, and multi-cancellation orders streamline operations, cut manual workload, and ensure transparency, turning compliance and reporting into growth-enabling efficiency for renewable producers.

2

Soldera Feature Spotlight: True Consolidated Reporting

September 17, 2025

Soldera’s Complete Inventory Overview replaces risky Excel workflows with real-time registry connectivity and AI automation. Learn how visual analytics, intelligent allocation, transaction tracking, and integrated registry operations deliver transparency, efficiency, and control so producers maximize returns and streamline Guarantee of Origin portfolio management across all markets.

4

Soldera Feature Spotlight: Complete Inventory Overview

September 17, 2025

Manual reconciliation of Guarantee of Origin (GO) transfers is slow, error-prone, and costly. With 30+ fragmented registries, finance teams face heavy admin burdens. Soldera consolidates transaction history, automates invoicing, and ensures fast payouts. Over 3,000 renewable sites already streamline compliance and eliminate spreadsheets using Soldera’s AI-powered back office.

3

Soldera Feature Spotlight: Automatic Invoices & Transactions

September 17, 2025

Soldera’s quarterly outlooks support both time-pressed producers and sophisticated risk teams, offering clear insights and actionable strategies. Integrated with platform tools like forward hedging, they combine trusted intelligence, freedom of choice, and optional auction execution. Producers gain clarity, reduce risk, and maintain control over their GO strategy.

5

Soldera Feature Spotlight: Market Insights & Quarterly Outlooks

September 18, 2025

Volatile GO markets create risk and heavy admin for producers. Soldera’s Forward Advantage simplifies hedging by securing advance payments, premium prices, and automated logistics. Producers choose allocations, while Soldera aggregates volumes, runs tenders, and manages compliance. The result: reduced risk, optimized revenues, and consistent market access with minimal effort.

4

Soldera Feature Spotlight: Forward Hedging of Guarantee of Origin Volumes with Soldera Forward Advantage

September 17, 2025

Managing GOs across multiple SPVs creates costly complexity through fragmented registries, siloed processes, and compliance risks. Soldera consolidates operations above the SPV level while preserving legal structures. With a single dashboard, unified trading strategies, and automated compliance, producers gain time savings, optimized revenues, and clarity across entire renewable portfolios.

6

Soldera Feature Spotlight: Manage Guarantees of Origin (GOs) Across Special Purpose Vehicles (SPVs)

September 17, 2025

Renewable energy middlemen add costs with spreads, subscriptions, and fees. Soldera removes friction by charging only a success fee when a GO sale clears in auction. Producers retain full control of allocations and sales, with free platform access, registry work, reporting, and management tools. No sale means no cost.

2

Soldera’s Pricing: The Success Fee Model Explained

September 17, 2025

Managing Energy Attribute Certificates (EACs) across fragmented registries is costly and inefficient. Soldera’s virtual EAC accounts simplify global trading by consolidating registries into one borderless wallet. Internal netting reduces per-transfer fees, delays, and admin. Traders, suppliers, and producers gain faster access, cleaner audits, and seamless compliance while maintaining local registry integrity.

4

Virtual Energy Attribute Certificate (EAC) Accounts: Say Farewell to Fees With Instant & Borderless Market Access

September 17, 2025

Guarantees of Origin (GOs) are costly due to fragmented registries, fees, and slow, manual processes. Soldera’s virtual accounts cut transfer costs by internalizing trades, unifying registry access, and providing a single dashboard. This streamlines compliance, forwards, and PPAs: delivering faster, cheaper, and more transparent GO management for traders, suppliers, and producers.

5

Virtual Guarantee of Origin (GO) Accounts: Meet The Cheapest GO Holding Accounts for Cancellation & Transfers

September 17, 2025

Learn how Belgium uniquely operates four separate GO registries by region and find recent price data for Belgian GOs plus detailed renewable production data in map format.

5

Belgium Has FOUR Guarantee of Origin (GO) Registries: Belgian GO Management & Prices Explained & What You Need to Know

September 17, 2025

Learn how Soldera automates GO allocation for PPAs, making contract management smoother, reducing errors, and bringing clarity to certificate handling, with a handy example calculator to illustrate the process.

4

Soldera Feature Spotlight: GO Allocation for PPAs

September 17, 2025

Physical electricity all looks identical in the grid, but renewable energy transactions happen through separate certificate markets that many newcomers find confusing. Understanding when to bundle certificates with electricity versus buying them separately could dramatically impact your procurement costs and compliance strategy. Learn why this market separation exists and which approach fits your energy needs.

8

Renewables Explained Simply: Bundled vs Unbundled Energy

September 1, 2025

Physical and virtual Power Purchase Agreements (PPAs) shape how energy gets bought and sold, but they work in fundamentally different ways. Understanding the mechanics behind strike prices, basis risk, and settlement structures could save you from costly mistakes in energy procurement. Learn why renewable certificates are essential to both contract types.

5

What’s the difference between Physical and Virtual PPAs?

August 4, 2025

Quality labels in Europe's GO system add depth to renewable energy certifications. Discover how these specialized markers indicate higher standards, from additionality requirements to ecological commitments, and learn why they command premium prices in the European energy certificate marketplace.

8

Understanding Quality Labels in Europe

August 14, 2025

Here's why VC involvement in the GO market signals confidence—and how our recent fundraise positions us to scale smarter, serve faster, and help unlock real market value for clean energy buyers and producers.

2

VCs Make Infrastructure Play: A Bullish GO Market Signal

August 26, 2025

Navigating the international Guarantee of Origin (GO) & Renewable Energy Certificate (REC) market is far from simple. Fragmented systems, inconsistent protocols, and regional quirks make certificate management an administrative burden for energy producers, traders, and buyers alike. This article explores the structural challenges in Europe’s renewable energy certification ecosystem, explaining why an integrated solution is needed. Oh, and as a bonus, we included a highly detailed map graphic to clarify the landscape.

6

The Guide to Cross-Border GO & REC Management in 2025

September 1, 2025

GO/REC markets involve three distinct players beyond the basic certificate lifecycle. Each has unique roles that add complexity to renewable energy trading. Understanding these players helps navigate the market confidently.

4

Who’s Dealing Energy Certificates? Key Players in GO and REC Markets

September 17, 2025

The global renewable energy market is at a turning point, with RE100 shaping corporate procurement standards. This post breaks down the six key criteria that define credible renewable energy claims, covering issues like attribute ownership, geographic boundaries, and vintage limitations. As renewable markets evolve, RE100’s framework continues to influence sustainability strategies worldwide.

3

Understanding RE100: What Are Credible Claims?

August 4, 2025

Despite Trump's rapid Paris Agreement withdrawal and energy emergency declaration, market dynamics point to resilience in the climate transition. Tech leaders from Microsoft to Google are doubling down on renewable commitments, while state-level policies and the Inflation Reduction Act's economic impact in swing states create powerful counterweights. Energy sovereignty concerns, falling renewable costs, and growing corporate demand for clean energy certificates suggest this federal pivot may struggle to significantly derail progress. With global momentum and market forces aligned behind the energy transition, the path forward remains challenging but hopeful.

4

How Will Trump Affect the Renewable Energy Certificate (REC) Market?

August 4, 2025

The Guarantees of Origin (GO) market offers significant profit potential through strategic volume sales and timing. Fresh GOs command premium prices and must be sold within 12 months, making regular sales crucial for maximizing returns. With automated platforms reducing administrative burden by 95% and enabling volume aggregation across producers, even smaller renewable energy producers can now access better pricing and streamlined market participation.‍

3

How to Make the Most Profit From GO Sales?

August 4, 2025

EU's Guarantees of Origin market is projected to hit €24 billion by 2030, powered by new regulations and corporate sustainability goals. Recent EU directives on green hydrogen and hourly GOs are reshaping market dynamics and prices. With 50,000 companies facing mandatory sustainability reporting and rising demand from AI and data centers, GOs are becoming essential rather than optional.

3

The Role of Regulations in Driving GO Demand

August 4, 2025

The market for guarantees of origin (GO) for electricity may seem complicated. Unlike many other markets where prices are fully transparent – visible to all, harmonised, and straightforward – the GOs market operates mainly on the basis of private bidding transactions. Renewable energy producers themselves must look for potential buyers and study their interest and the prices they offer. Soldera offers a more straightforward solution for selling GOs, but more about it at the end of the post. Now, on to the price of guarantees of origin.

4

What Is the Price of Guarantees of Origin? Here Are Some Public Price Signals

August 4, 2025

Do you have solar panels? Did you know that you could be earning more money from your solar panels? Now is the perfect time to join Soldera and turn your solar panel electricity into a real source of income through Guarantees of Origin!

3

4 Reasons Why Now Is the Right Time to Join Soldera

August 4, 2025

France's latest auction showed a sharp drop in prices. We analyze how overproduction, weather conditions, and policy decisions affect prices.

4

February 2024 — What France's Certificate of Origin Auctions Say About Market Prices

August 4, 2025

With increasing environmental awareness and increasing demand for green energy, European renewable energy producers have found themselves in a unique position. It is possible for them not only to sell electricity, but also to receive recognition and additional income through Guarantees of Origin. Despite additional revenue being on the table, a large part of renewable energy producers do not take advantage of this option. This is even more perplexing since there are simple solutions on the market, such as Soldera, that make it easier than selling electricity.

3

What is a Guarantee of Origin?

September 10, 2025

Additional income is already waiting

Guarantees of Origin can only be traded for the first 12 months after the moment of production, so it does not make sense to wait long.