Energy market implications of full disclosure?
A number of EU Directives (RED, CHP, Energy Efficiency) have proposed the use of an instrument called Guarantees of Origin (GOs), which label electricity from renewable sources to disclose information to consumers on the origin and environmental attributes of the electricity sold. To explore what kinds of changes GOs and full disclosure might induce in consumer behaviour and in the market, CEPS organised a conference on May 31st with a variety of stakeholders. Participants looked at the implications of and barriers to the application of the instrument, as well as the longer-term perspective. While many regulators and stakeholders have invested in GOs, there are very few stakeholders to date who are actively promoting ‘disclosure harmonisation’, e.g. via GOs in the 2030 Framework. The speakers provided different perspectives, ranging from the EU institutions (the European Commission and Parliament) and stakeholders from business, consumer groups and civil society, as well as member state regulatory bodies. The debates focused on the role of GOs to provide increased transparency and to give consumers a more central role by allowing them to make better-informed choices on the origin of the electricity they consume, while seeking agreement about which and how information should be disclosed. Another point of the debate focused on whether GOs can or cannot contribute to increasing the share of renewable energy sources in electricity production across the EU.
The presentations and the agenda of the conference are available at: www.ceps-ech.eu/event/guarantees-origin-what-eu-energy-market-implications-full-disclosure