Wednesday, 19 February 2020
Note: The statistics reported here are for Renewable GOs only. Statistics for Fossil and Nuclear GOs have been omitted. Transaction figures are reported on, due to lag in corresponding Production figures.
The following graph depicts transaction statistics for the last three full years. GO issuance in 2019 increased by a little over 1% from 2018, while cancellations were up by approximately 10%.
The international trading activity, reflected via import/export volumes, also grew about 10%, with 576 TWh renewable GOs traded cross-border for 2019. The increased cross-border trade could be an indication of rising demand (corporate sustainability programs, green defaults for household customers) and/or increased trade optimisation, although the increase is less marked than the previous year. Expiration for renewable GOs in AIB have increased, coinciding with the drop in GO prices from heights of 2018.
When comparing 2019 Q4 to 2018 Q4, we find that issuance decreased by 10 TWh (a decrease of about 6%) although cancellations increased by about 6 TWh (a increase of 9%). The drop in issuance also correlates with difference in GO prices for the respective periods (Nordic Hydro - 30 eurocent vs 130 eurocent for 2019 Q4 vs 2018 Q4).
Please also check our Data section for more detailed data.
This article will be followed by further analyses of the latest AIB statistics – stay tuned.