Nord Pool and Granular - exploring renewable hourly certificates
Nord Pool is currently working closely with tech start-up Granular to trial a market framework for trading hourly energy certificates.
The aim is to develop a spot market for hourly certificates, compliant with the EnergyTag guidelines (which enable energy users to verify the source of their electricity and carbon emissions hour by hour), to bring transparency, liquidity and efficiency to the expanding clean energy market.
Bruno Menu, one of the founders of Granular, says: “Demand for clean energy from consumers is at an all-time high, with major businesses pursuing commitments to source clean energy on a 24/7 basis. Enabling more organisations to achieve this goal will require a transparent and liquid market for hourly certificates.”
Julien Cossé, Director Strategy and Business Development at Nord Pool, adds: “25 years ago, Nord Pool invented the blueprint for electricity trading across Europe. Now we are working with Granular to explore a new concept for trading renewables that uses Nord Pool’s proven exchange infrastructure.
“Increasing need for clean energy requires us to incentivise 24/7 carbon-free production to fulfil a 24/7 demand, so that consumers can know that, at any given time, they are consuming carbon-free electricity. We believe hourly certificates can deliver that.”
Next will come the launch of market design workshops with market participants from various European countries. Great Britain will be a key focus, with workshops planned for early 2022.
Interested parties can contact email@example.com to learn more and register for the workshops.