An overview of who is allowed to cancel GOs in the different AIB-countries is presented as below. In most countries, there are no limitations. Also, in practice, there are no restrictions on who can open an account and start trading GOs.

GOs can only be cancelled if they fulfil the requirements of the disclosure by-law. Foreign GOs can only be cancelled if they are issued in a country where double counting is excluded, and the requirements of Art. 15 of the RES Directive are met. This is checked beforehand by E-Control. GOs are cancelled for the use for disclosure purposes in Austria only (i.e., any ex-domain cancellations are not possible). Meanwhile, no cancellation statements are issued automatically.

Only electricity suppliers can cancel GOs for disclosure.

Only licensed electricity suppliers (this includes large final customers purchasing on the power exchange) may cancel GO.

Cancellations will be carried out upon reception by TSO-Cy. The duly authorised personnel of an account holder must submit a cancellation request to TSO-Cy .

No limitations regarding cancellation. The initiation of cancellations is by the relevant account holder. Where it is impossible to transfer for technical reasons, ex-domain cancellation is used. Any Non-EECS certificate should be evaluated by the Danish domain Energinet before acceptance for cancellation.

No limitations regarding cancellation. The initiation of cancellations is done in the registry by a relevant account holder (any legal person) or a person duly authorised by the account holder, and the types of beneficiaries are not limited. In case the GOs are for use outside-Estonia, ex-domain cancellation is used.

The initiation of cancellations is done in the registry by a relevant account holder, can be suppliers and end-users. However, Finland does not accept GOs from Switzerland for cancelling. Ex-domain cancellations are allowed, unless the other domain is connected to AIB HUB. All cancellation statements for Finland’s consumption are signed electronically once a week.

For the cancellation performed for the conversion of electricity into hydrogen, gas or district heating or cooling, a separate cancellation statement will include an independent notation about it. For the cancellation of a multiproduct certificate (GO + ICS: EKOenergy), both GO and and ICS: EKOenergy are cancelled at the same time.

GOs can be cancelled only by account holders.

GOs can be cancelled only by suppliers. The beneficiary name on the cancellation statement is voluntary.

Great Britain (England, Scotland and Wales)

Import of EU GOs (GOs from European Union countries) is allowed. Only the explicit trading evidence such as interconnected nominations is accepted as a proof of supply for presenting EU Guarantees of Origin (GOs) from 1 January 2021. Further, UK Government has indicated its intention to review this in 2021 so that, longer term, domestic recognition of Guarantees of Origin issued in EU countries will take place only on a reciprocal basis.

The initiation of cancellations is done in the registry by a relevant account holder, can be suppliers and end-users. Cancellation of EECS-GO may occur only within DAPEEP domain.

The initiation of cancellations is done in the registry by a relevant account holder. Only EECS GOs and National GOs may be cancelled in the Registry. Ex-domain cancellations are allowed, unless the other domain is connected to AIB HUB.Any Non-EECS certificate should be evaluated by MEKH before acceptance for cancellation.

GOs are cancelled only by relevant account holders.

Only electricity suppliers can cancel GOs for disclosure. The initiation of cancellations is done in the registry by a relevant account holder or a person duly authorized by the account holder. Cancellations are reviewed and accepted/rejected by SEMO.

GOs can be cancelled only by licensed suppliers.

The initiation of cancellations is done in the registry by a relevant account holder. EECS GOs can be cancelled for use in the Latvian domain, as well as countries that are not connected to AIB Hub ex-domain cancellations.Ex-domain exports are handled as cancellations, where the beneficiary of the cancellation is located in another Domain or country. Each month AST will provide the Secretary General with a statement of the number of EECS GOs cancelled.

GOs can be cancelled by only account holders.

Only holders of a trading account can cancel GOs. No further restrictions.

Cancellations are initiated by the relevant Account Holder, can be suppliers and end-users. Ex-domain cancellation is allowed for non-Members of AIB or as a remedial action for technical reasons. A cancellation request shall be processed in a maximum of five working days. REN reports the GOs cancellation and disclosure data at least monthly to ERSE.

The initiation of cancellations is done by the relevant Account Holder, can be default mix of supplier and specific group of consumers in tariff packages. The cancellation of EECS-GO is automated and needs approval by EMS JSC Belgrade. Ex-domain cancellation is allowed for a non-AIB country with bilateral agreement with Serbia.

The initiation of cancellations is done in the registry by a relevant account holder or a person duly authorised by the Account Holder. Ex-domain cancellations are allowed, unless the other domain is connected to AIB HUB. OKTE, a,s, shall record in a separate database any GOs transferred to the Slovak Republic from a non-EECS area.

Cancellation can be made by suppliers on their own behalf or on behalf of their final customers. The RES production devices using guaranteed purchase of electricity GOs are cancelled by Borzen d.o.o. based on their market shares in the preceding calendar year. Where it is impossible to transfer for technical reasons, ex-domain cancellation is used.

In redemption process, only supplying companies can redeem GOs for their own consumers.

Partly limited. Beneficiary, location of beneficiary, consumptions period, cancellation type and cancellation purpose are mandatory fields.

Only traders and suppliers can cancel GOs. The Swissgrid checks whether the beneficiary and the cancellation purpose fulfils the requirements of EECS and the Swiss GO ordinance.

Market Report

Cancellations of GOs

Related reading

A new beginning for financial players in China's carbon markets?

ETS expansion to maritime will aggravate EUA scarcity

Commission proposal to extend gas reduction measures

Union database – March update to timelines

March 2023 HUPX Pan-European auction

2nd Italian Auction in 2023 - All prices within the 6-7 EUR corridor

Week 11: KAU22 rises while reporting due date approaches

Week 11: RGGI V23 Future Dec-23 contract prices drop as low Q1 auction price is published

GO Week 11 Overview - The 2022 vintage loses ground

Week 11: The benchmark contract remains about the USD 30.00/t threshold this week among regulatory updates and the failure of Silicon Valley Bank

Week 11: EUAs slip on financial market uncertainty, weak auctions

Week 11: VCM has the lowest volumes of future standardized contracts since the beginning of the year