Auctions of guarantees of origin owned by the National Electric System

Decree-Law no. 141/2010, of December 31 (amended and republished by Decree-Law no. 62/2020 of August 17) provides that producers shall deliver to the General Directorate of Energy and Geology ( “DGEG”) the Guarantees of Origin related to the production of energy from renewable sources:
(i) that benefit from a direct price support regime or an investment incentive, or
(ii) produced under a power purchase agreement (CAE) or an early termination agreement of a CAE.
Said Guarantees of Origin will be subject to transaction through a competitive auction mechanism, to be implemented by DGEG. OMIP – Pólo Português, S.G.M.R. (“OMIP”) will be the entity responsible for managing the participation and operationalization of the auctions of Guarantees of Origin owned by the National Electric System.
For this purpose, DGEG published yesterday, July 6, the rules applicable to these auctions, which can be consulted through the following link https://www.omip.pt/en/auctions-GO.
The entities that want to participate in the auction shall: (i) be previously registered in the Guarantees of Origin Issuing Body (“EEGO”) system, (ii) have submitted an application for admission addressed to the OMIP, (iii) have signed the Adhesion Agreement to the Rules of the Auctions up to 5 (five) business days before the auction takes place, and (iv) have been qualified, by depositing a Financial Guarantee in the OMIP Financial Guarantee Account by 12:00 pm on the second business day before the auction takes place.
The disclosure of the final results of the auction will be carried out by OMIP, after validation by DGEG.
The first Auction of Guarantees of Origin will take place on the 28th of July, with the respective Call, which specifies the terms of the auction, including the quantity, typology, production period of Guarantees of Origin and reserve price, available for consultation on DGEG’s website.