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EPEX SPOT becomes first exchange to join RECS Energy Certificate Association

Paris, 15 December 2022. The European Power Exchange EPEX SPOT is the first exchange to join the RECS Energy Certificate Association. RECS is committed to tackling climate change by accelerating the switch to renewable energy. On behalf of its members, RECS advocates for effective and efficient renewable energy markets underpinned by robust and reliable energy attribute certificates (EACs), such as Guarantees of Origin (GOs).
EPEX SPOT, Europe’s largest Power Exchange, has recently launched a pan-European spot auction for GOs in cooperation with EEX and ECC. It is the first exchange to join RECS as a member. “The decision to join RECS was not only logical for us, it was evident. Our ambition is to build a unique trading community for GOs in Europe, and the expertise of RECS and its member base is unmatched in this regard” states Philippe Vassilopoulos, Director Product Development of EPEX SPOT. “We’re delighted to have EPEX SPOT as the newest RECS member”, says Adam White, RECS Secretary-General. “Demand for renewable energy is growing and active power exchanges like EPEX SPOT can help take this growth to the next level.”
RECS and EPEX SPOT believe that consumers should be empowered to claim the use of a specific volume and type of renewable energy. Renewable energy markets have a huge potential to accelerate the energy transition and, thereby, make an important contribution to tackling climate change. Via its GOs auctions, EPEX SPOT provides trading standards to this market, improves transparency, and produces robust price signals, to the benefit of the entire energy community.