Brexit and Guarantees of Origin

With Brexit now looming large in front of us you would be forgiven for thinking that some of the detail would have been worked out at this stage.

Alas no, with an Electricity Market that operates across the currently open border between NI and ROI the issue of Guarantees of Origin (GOO) is a minor detail that could potentially trip up some businesses. The GOO scheme is a European directive that facilitates the transfer of certs across borders between the various European countries, allowing businesses to validate their purchase of renewable energy.

To combat this uncertainty Ofgem, the body responsible for the REGO (UK GOO scheme), has stated that they will accept GOOs from another European country whatever the Brexit outcome, and that all participants will be able to meet their renewable requirements.

EU however looks to be taking a tougher stance on the matter. The GOO scheme is a European directive that facilitates the transfer of certs across borders between the various European countries, allowing businesses to validate their purchase of renewable energy.

Europe means Europe in this case to misquote a faux Brexiteer and with the UK leaving the EU they will no longer be formally part of this scheme and member states will no longer be able to accept REGOS as part of fuel mix disclosures.

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