Establishing an Electronic Guarantees of Origin System in Albania
Grexel, part of EEX Group, has been appointed by the Energy Community* to establish an electronic Guarantees of Origin (GOs)** system in Albania.
Setting the Standard: ERE Adopts National Registry
Driven by market and legislative requirements, ERE adopted a national registry, prepared by Grexel for Albania on July 1st, 2023. This initiative was realized within the framework of the project initiated for the Energy Community, during 2022, whereby a regional scheme for guarantees of origin within the Energy Community was prepared by Grexel.
Streamlined Guarantees of Origin Management
Albania now benefits from G-REX, a user-friendly and modern electronic registry for guarantees of origin. Already today, G-REX seamlessly facilitates the transfer of GOs within the Energy Community region. Once ERE becomes a part of the AIB, their registry will further support exports and imports through the AIB Hub. This streamlined process ensures a smooth and efficient flow of guarantees of origin across the energy landscape.
Compliance with EU Directives
The deployment of the GO registry aligns with the rigorous standards set forth by the European Union, encompassing compliance with the European Energy Certificate System (EECS) and the Directive on Renewable Energy (RED II).
*The Energy Community is an international organization that facilitates collaboration between the European Union and its neighboring nations, with the shared objective of establishing a unified pan-European energy market.
** Guarantees of Origin serve as a pivotal tracking mechanism, providing evidence of electricity origin. This, in turn, enables energy users to consume energy specifically from renewable sources instead of an average generation mix. Such certification and tracking is instrumental in advancing the production and consumption of environmentally friendly electricity, bolstering traceability and fostering increased investments in renewable energy.
