Powernext becomes the French National Registry for guarantees of origin

Powernext becomes the French National Registry for guarantees of origin
Powernext is the French National Registry for guarantees of origin of electricity since 1st May 2013.

Registry for Guarantees of Origin:

Following its designation by the French Ministry of Ecology, Sustainable Development and Energy through a decree dated 15 January 2013, Powernext assumes the duties of registry for guarantees of origin of electricity since 1st May 2013. Powernext succeeds to RTE while adapting its role to the new regulatory requirements. 

As the basis of the support policy for renewable energy and transparency towards the consumers, the guarantees of origin are certificates proving the renewable or cogeneration source for an energy supplier’s power production. The registry enables account holders to issue, transfer and cancel guarantees of origin in order to prove to final consumers the renewable source of their electricity.

“The Powernext teams showed an exemplary determination in delivering a secure electronic registry platform in record time. This commitment will serve the increasing consumer demand for transparency”, mentions Jean-François Conil-Lacoste, CEO of Powernext. 

The entire RTE registry database was imported to allow the participants to keep their guarantees of origin issued by the previous system. The registry platform was designed to answer the user needs while keeping a maximum level of security in terms of IT architecture, as well as operational verification process. Every possible effort is made to ensure that the consumer obtains the most reliable information on the energy he receives.

Powernext is in the process of joining the AIB (Association of Issuing Bodies) in order to allow its registry account holders to electronically import and export guarantees of origin within Europe. This will constitute a new functionality compared to the previous system. International transfers should start in June 2013.

Fourteen companies have already opened an account and are able to access the registry. More than ten companies have expressed a strong interest in becoming account holders in the next few months.

For more information, please consult the “Guarantees of origin” pages on Powernext’s website.

About Powernext:

Powernext SA, incorporated in 2001, manages several complementary, transparent and anonymous energy markets: 

• Powernext Gas Spot and Powernext Gas Futures launched on 26th November 2008 in order to hedge volume and price risks for natural gas in France. On 1st July 2011, GRTgaz and Powernext launched the first gas market coupling initiative in Europe between GRTgaz’s PEGs Nord and Sud. 
• Powernext launched on 1st February 2013 a natural gas Futures market on the TTF hub in the Netherlands.
• Powernext Energy Savings, a dedicated spot market for French White Certificates (Certificats d’Economies d’Energie) launched on 10th January 2012.
• Powernext owns a 50% equity stake in EPEX SPOT and a 20% in EEX Power Derivatives.

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