guarantee of origin definition

guarantee of origin means an electronic document which has the sole function of providing evidence to a final customer that a given share or quantity of energy was produced from renewable sources;

guarantee of origin means an electronic document which has the sole function of providing proof to a final customer that a given share or quantity of energy was produced from renewable sources as required by Article 3(6) of Directive 2003/54/EC;

guarantee of origin means an electronic document which has the sole function of providing evidence to a final customer that a given share or quantity of energy was produced from renewable sources and/or low-carbon sources;

Examples of guarantee of origin in a sentence

• The Buyer shall pay [Price to be commercially agreed upon between the Parties] per transferred Guarantee of Origin.

• The terms defined in the Guidelines on guarantees of origin for gas from renewable energy sources shall also apply to this Guarantee of Origin Agreement, unless otherwise expressly stated.

• In addition, the Issuing Body does not vouch for the availability of the Guarantee of Origin system, including, for example, in the event of an IT outage, unless this is due to an intentional or grossly negligent action by the Issuing Body.

• This implies that a robust system of Guarantee of Origin for green hydrogen will be needed, in order for final customers to buy low-carbon hydrogen in full transparency.

• In contrast to the above KEPCO project, this project focuses more on an accurate tracking of the electricity generated from renewable power plants to final consumers for providing GoO (Guarantee of Origin) employing blockchain technology, while an aspect of P2P, which is bilateral two-way trading between prosumers and prosumers, is not much emphasized at present.

More Definitions of guarantee of origin

guarantee of origin means an electronic document providing evidence to a final customer that a given share or quantity of energy was produced from renewable sources;

guarantee of origin means an electronic document providing evidence to a final customer

guarantee of origin means an electronic document which exclusively serves to furnish proof to a final consumer in the context of electricity labelling pursuant to Section 42 subsection 1 number 1 of the Energy Industry Act that a certain proportion or quantity of the electricity has been generated from renewable energy sources,

guarantee of origin means a document aimed at providing evidence to consumers that a particular share or a certain amount of energy is generated from renewable energy sources;

guarantee of origin means an electronic document which has the function of providing proof that a given quantity of energy was produced from renewable sources;

guarantee of origin means, in, accordance with article L.314-16 of the French Code de l'énergie an electronic document providing proof that one MWh was produced from the Wind Farm.

guarantee of origin means a certificate issued by the Authority or issued by another competent body and recognised by the Authority under The Electricity (Guarantees of Origin of Electricity Produced from Renewable Energy Sources) Regulations 2003.