The UK renewable energy guarantees of origin (REGOs) market is in the midst of a significant transformation. Once buoyed by extraordinarily high prices driven by supply squeezes and post-Brexit dynamics, REGOs have now tumbled over 70% since the beginning of the year. As prices dip below GBP 1/MWh, the market is undergoing a structural shift that could redefine REGO prices for years to come.
A market in transition Since the beginning of the year, REGO prices have experienced continuous volatility, declining week after week. At the start of the year, prices for the current compliance period CP23 (April 2024–March 2025) ranged between GBP …
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