For many years, ePower has been conducting regular Renewable Energy Guarantees of Origin (REGOs) and Renewables Obligation Certificates (ROCs) auctions in the UK. However, the latest auction held on June 19, 2024 caused a significant crash in the market due to unexpectedly low demand. CP22 REGO prices plummeted from £14.30/MWh on June 17 to trade as low as £3.75/MWh on June 20.
Despite the significant drop, it’s important to note that this behaviour can be expected in the final days of trading within a compliance period (CP), as most buyers have already completed their REGO purchases for the disclosure year. The REGO Submissions…
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