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Energy & Renewables vocabulary · Energy Markets and Tariffs

Guarantee of origin

Meaning in energy & renewables, with examples

nounAdvanced term

In energy & renewables, guarantee of origin means: An electronic certificate proving that one MWh of electricity was produced from a specific, usually renewable, source. Companies use them to back up claims of using green power.

In Turkish: menşe garantisi, YEK-G belgesi, kaynak garanti belgesi

How it is used

Called guarantees of origin (GOs) in Europe and renewable energy certificates (RECs) in the US; I-RECs are common internationally. Certificates are issued, transferred, bought and cancelled once the green claim is made.

Example sentences

  1. We buy guarantees of origin to cover all of our office electricity.

  2. Each guarantee of origin is cancelled once the green claim is made.

Common collocations

  • issue guarantees of origin
  • cancel a certificate
  • renewable energy certificate
  • I-REC
  • green claim
  • power purchase agreementA long-term contract in which a buyer, such as a utility or a large company, agrees to purchase electricity from a specific power project at an agreed price.
  • carbon footprintThe total amount of greenhouse gases caused directly and indirectly by a person, product, company or event, expressed in tonnes of CO2 equivalent.
  • renewable energyEnergy from sources that nature replaces all the time, such as sunlight, wind, flowing water, the Earth's heat and organic material, so they do not run out like coal, oil or gas.
  • wholesale marketThe market where electricity is traded in large volumes between generators, suppliers, traders and large consumers before it reaches end customers.

More terms: Energy Markets and Tariffs

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