First Guarantees of Origin auctions held by Powernext
Guarantees of Origin (GOs) are green certificates that allow power retailers to certify the nature of the energy sold to their customers, in particular in their commercial offers for green electricity. In France GO’s lifecycle is tracked in a national registry.
The French Department of Energy (DGEC) has appointed Powernext for holding this national registry and for organizing monthly auctions to sell the Guarantees of Origin issued from French renewable power plants under feed-in-tariffs. The GO auctions will help the French State get a new added value from these devices while providing bidders with competitive and tailor-made products. The first auction was successfully held by Powernext on September the 18th.
The auction platform uses a market clearing algorithm designed by Powernext and Artelys and implemented by Artelys for the selection of offers. This algorithm allows GO buyers to differentiate their bids based on technologies, regions, or even specific devices. The market clearing algorithm selects the optimal offers with regards to the auction revenue and equity maximization.
Artelys Knitro is the optimization solver used in the market clearing algorithm and is able to solve the problem in less than a minute.
The press release is available here.
Artelys Knitro 13.1: solving MINLP faster than ever!
— We are pleased to announce that Artelys Knitro 13.1 is now available! Check out its improvements, especially on mixed-integer nonlinear problems (MINLP).
Artelys becomes a partner of the Grand Est Region thanks to its expertise in artificial intelligence!
— Artelys has been referenced by the Grand Est Region to assess the artificial intelligence maturity of companies in the region.
You missed the METIS 2 Dissemination event? The slides and the recording are now available!
— Artelys was thrilled to organize the METIS 2 Dissemination webinar on May 31. In the course of this event, we had the opportunity to present the latest developments of the EU energy system model METIS and to discuss the future of EU energy system models with representatives from TSOs and industry.
Join us to the workshop on flexibility options to support decarbonisation!
— Artelys, in cooperation with Trinomics, prepared a study evaluating flexibility options to support decarbonisation for the Energy Community.
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