Platts clarifies guarantees of origin labels for the UK and EU power

S&P Global Platts has clarified the labels for the prices of European Guarantees of Origin (GO) and UK Renewable Energy Guarantees of Origin (REGO) to display specific years, effective March 18, 2021.

Previously these assessments were displayed in relative terms as "current year" and "year-ahead" for GOs or as "compliance period", or "CP" for REGOs.

The labels for European GOs will roll to the next year on the first of each year. The labels for UK REGOs will roll at the start of the compliance period, i.e. on April 1 of each year.

This clarification relates only to how these prices are displayed in the European Power Daily publication and on the fixed pages PEP1106 and PEP1104 of the Platts real-time alert. The description of these prices in the Platts database and their underlying methodology remains unchanged.

The table below demonstrates how these labels will roll for each affected assessment:

Code
Description in the database
Before March 18
Label on March 18
Label on April 1, 2021
Label on Jan 1, 2022
NHGY004
Nordic Hydro Guarantees of Origin (GO) Current Yr Eur/MWh
Cal 2021
Cal 2021
Cal 2021
Cal 2022
NHGY104
Nordic Hydro Guarantees of Origin (GO) Yr01 Eur/MWh
Year Ahead
Cal 2022
Cal 2022
Cal 2023
NHGY200
Nordic Hydro Guarantees of Origin (GO) Yr02 Eur/MWh
Year Ahead +1
Cal 2023
Cal 2023
Cal 2024
NHGY300
Nordic Hydro Guarantees of Origin (GO) Yr03 Eur/MWh
Year Ahead +2
Cal 2024
Cal 2024
Cal 2025
NHGY400
Nordic Hydro Guarantees of Origin (GO) Yr04 Eur/MWh
Year Ahead +3
Cal 2025
Cal 2025
Cal 2026
EWGY004
EU Wind Guarantees of Origin (GO) Current Yr Eur/MWh
Cal 2021
Cal 2021
Cal 2021
Cal 2022
EWGY104
EU Wind Guarantees of Origin (GO) Yr01 Eur/MWh
Year Ahead
Cal 2022
Cal 2022
Cal 2023
EWGY200
EU Wind Guarantees of Origin (GO) Yr02 Eur/MWh
Year Ahead +1
Cal 2023
Cal 2023
Cal 2024
EWGY300
EU Wind Guarantees of Origin (GO) Yr03 Eur/MWh
Year Ahead +2
Cal 2024
Cal 2024
Cal 2025
EWGY400
EU Wind Guarantees of Origin (GO) Yr04 Eur/MWh
Year Ahead +3
Cal 2025
Cal 2025
Cal 2026
ESGY200
EU Solar Guarantees of Origin (GO) Current Yr Eur/MWh
Cal 2021
Cal 2021
Cal 2021
Cal 2022
ESGY300
EU Solar Guarantees of Origin (GO) Yr01 Eur/MWh
Year Ahead
Cal 2022
Cal 2022
Cal 2023
ESGY400
EU Solar Guarantees of Origin (GO) Yr02 Eur/MWh
Year Ahead +1
Cal 2023
Cal 2023
Cal 2024
EBGY200
EU Biomass Guarantees of Origin (GO) Current Yr Eur/MWh
Cal 2021
Cal 2021
Cal 2021
Cal 2022
EBGY300
EU Biomass Guarantees of Origin (GO) Yr01 Eur/MWh
Year Ahead
Cal 2022
Cal 2022
Cal 2023
EBGY400
EU Biomass Guarantees of Origin (GO) Yr02 Eur/MWh
Year Ahead +1
Cal 2023
Cal 2023
Cal 2024
ERGY200
UK Non-Bio Renewable Guarantees of Origin (REGO) Current CP GBP/MWh
Current CP
Compliance Period 19
Compliance Period 20
Compliance Period 20
ERGY300
UK Non-Bio Renewable Guarantees of Origin (REGO) CP01 GBP/MWh
CP +1
Compliance Period 20
Compliance Period 21
Compliance Period 21
ERGY400
UK Non-Bio Renewable Guarantees of Origin (REGO) CP02 GBP/MWh
CP +2
Compliance Period 21
Compliance Period 22
Compliance Period 22
ECGY200
UK Bio Renewable Guarantees of Origin (REGO) Current CP GBP/MWh
Current CP
Compliance Period 19
Compliance Period 20
Compliance Period 20
ECGY300
UK Bio Renewable Guarantees of Origin (REGO) CP01 GBP/MWh
CP +1
Compliance Period 20
Compliance Period 21
Compliance Period 21
ECGY400
UK Bio Renewable Guarantees of Origin (REGO) CP02 GBP/MWh
CP +2
Compliance Period 21
Compliance Period 22
Compliance Period 22

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