Government Adopts Decree on Guarantees of Origin for Electricity to be Issued by MEMO

At the proposal of the Ministry of Energy, Mining, and Mineral Resources, the Government has adopted a Decree on Guarantees of Origin (GOs), paving the way for the National Electricity Market Operator (MEMO) to begin issuing these important certifications.

A Guarantee of Origin is an electronic document that certifies to consumers that a specific share or amount of energy has been generated from renewable sources. These guarantees are widely used across the European Union to promote transparency, environmental responsibility, and consumer trust within the energy market.

GOs are particularly valuable for domestic companies exporting to the European market, as they allow businesses to prove their use of clean energy in their operations, particularly energy from renewable sources. This not only reduces their carbon footprint but also strengthens their sustainability credentials.

MEMO will establish and manage a register for GOs, overseeing their issuance, transfer, recognition, and cancellation, ensuring alignment with European energy standards.

Recently, with the support of the Ministry of Energy, Mining, and Mineral Resources, MEMO became an observer member of the Association of Issuing Bodies (AIB), a leading European association committed to transparency in energy certification by standardizing Guarantees of Origin across Europe.