On 27 April 2023, the AIB issued an order suspending all exports of Icelandic GOs on the back of double claims taking place. In light of the small size of the missing hydro GO volumes in the market (just 3% of the overall Hydro GOs issued), the suspension of Icelandic GOs’ export is unlikely to have a pronounced impact on the GO price curve
Last year, the AIB received signals that large consumers in Iceland were claiming renewable energy consumption because it is physically produced in Iceland, however, they failed to complement the energy they are supplied with cancelled GOs. Instead, these …
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