Guarantees of Origin (GOs) from renewable energy sources : a tool for diffusion green electricity in the society

Γκαράκης, Κωνσταντίνος

Master Thesis

Author

Γκαράκης, Κωνσταντίνος

Date

2016-02

Abstract

This MSc thesis attempts to illustrate the Guarantees of Origin (GOs) as a tool for diffusion of green electricity in society. Voluntarily purchased renewable electricity products like GOs have an impact on the environmental footprint of products, services and companies and thus may create an increase in the demand of renewable electricity by end-customers. The background of this study is the European Union and there is one chapter especially for the situation in Greece. The aim of this study is the in-depth analysis and depiction of reality in the European Union and Greece about the operation of GOs from renewable energy sources (RES). It examines the benefits / limitations of use by providers/suppliers and end users of electricity, while referring to the problematic situation in Greece and in the end there are suggestions for the better functioning of the GO system. An extensive literature review on Greece and the rest of the European Union has done and there were meetings with the responsible of GOs System in Greece (EMO, HEDNO, CRES). Furthermore there was communication with GO certificates agents/exchanges (e.g. European Energy Exchange-EEX, Grexel, EcoHz, CertiQ, Danske Commodities etc.) but also with the Greek company LANEL. Also, are given examples of operation of the GOs System and a case study for the use of GOs from the group OTE/COSMOTE. Finally, the author has successfully entered several windfarms and photovoltaic plants in GO system of EMO (LAGIE) as works in the last sixteen years in the market for RES. The thesis is constructed with seven chapters. Chapter 1 has done a brief historical overview of the electricity market in the European Union, the objectives set for increasing the use of renewable energy and the need for disclosure of the mixture of electricity received by the final consumer. In Chapter 2 presented in detail the disclosure mechanisms of the electricity mix and tracking tools that one of them are the GOs. In chapter 3 presented the use of Guarantees of Origin and have given examples. In Chapters 4 and 5 presented the current situation in European Union countries and Greece. Chapter 5 deals in depth with the situation in Greece through the statistics of the competent Βodies and extracted the problematic situation. It is given as a case study the use of GOs from OTE/COSMOTE Group of Companies as part of their environmental policy. In the chapter 6 are provided suggestions for the future of GOs System in the European Union and specifically for Greece. In the chapter 7 takes place a summary of the study and final conclusions are presented,

Postgraduate Studies Programme

Ενέργεια: Στρατηγική, Δίκαιο & Οικονομία

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Διεθνών και Ευρωπαϊκών Σπουδών

Number of pages

123

Language

English

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/9409

Collections

Τμήμα Διεθνών και Ευρωπαϊκών Σπουδών

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Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές