REGsäätely

REGsäätely refers to the regulatory framework governing the issuance, trading, and utilization of Guarantees of Origin (GoOs) for electricity. In essence, it's the system that ensures renewable energy production can be tracked and marketed separately from the physical electricity itself. This allows consumers to prove their consumption of electricity generated from renewable sources.

The primary goal of REGsäätely is to promote renewable energy by creating a financial incentive for its production. When electricity is produced from renewable sources, producers can obtain a GoO, which is a digital certificate representing a specific amount of energy (typically 1 megawatt-hour) generated from a renewable source. These GoOs can then be sold to electricity suppliers or end-consumers who wish to demonstrate their commitment to using renewable energy.

The specific rules and implementation of REGsäätely vary between countries, though they are often harmonized to some extent within larger economic blocs like the European Union. Key aspects typically covered include the criteria for eligible renewable energy sources, the application and issuance process for GoOs, the registration and trading of these certificates, and the methods for accounting for their use to avoid double-counting. It plays a crucial role in transparently certifying green electricity and enabling the growth of the renewable energy market.