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The Guarantees of Origin market provides additional value on sustainable energy use and is an additional source of income for producers of renewable energy.

Sale of guarantees of origin adds value to renewable power production
A Guarantee of Origin is a certificate that documents where and when a unit of electricity (MWh) was produced. All renewable energy producers are entitled to have certificates issued for their electricity production. The Guarantees of Origin can be sold to electricity suppliers or to end consumers. Electricity suppliers claiming to provide renewable energy must substantiate this claim through the purchase of Guarantees of Origin.
The market for Guarantees of Origin impacts the profitability of renewable energy production, interacts with government support schemes for renewable energy production, and thus also affects the development of the electricity market. Understanding the market for Guarantees of Origin is therefore an important element for analysing investments in new renewable energy production and developments in the electricity market.
We monitor the developments in the market for Guarantees of Origin and provide analyses of the supply and demand for these certificates. Market analysis and price forecasts for the development of the Guarantees of Origin market are also included in our report on Green Values.
In Norway, the use of Guarantees of Origin is debated
The Guarantees of Origin scheme has served small and large Norwegian power producers well, but it is also controversial. While Norwegian renewable energy producers profit from the sale of Guarantees of Origin to consumers, mainly in other countries, Norwegian industry refers to the fact that Norwegian power production is based on hydropower production to document renewability and the associated low climate footprint.
In the long run, such double-counting of the renewable attributes of Norwegian electricity production could become problematic, and Norwegian authorities may be forced to choose between the interests of Norwegian electricity producers and Norwegian industry.