1.What is a Guarantee of Origin?
Guarantees of Origin document exactly where energy is produced, and whether it comes from hydroelectric, solar, wind or biofuel sources. One guarantee is 1 MWh or 1000 KWh
2.What is renewable energy?
Renewable sources of energy include wind power (both onshore and offshore), solar power (thermal, photovoltaic and concentrated), hydroelectric power, tidal power, geothermal energy and biomass (including biofuels and bio liquids). As alternatives to fossil fuels, their use aims to reduce pollution and greenhouse gas emissions. Another role of renewable energy is the diversification of our energy supply, with the potential to reduce the dependence on fossil fuels.
3.How can I buy Guarantees of Origin for renewable energy?
ECOHZ offers a broad range of products tailored to the different needs of our clients. The products are built around Guarantees of Origin for renewable energy and follow strict criteria based on the following parameters: accredited power plants, energy sources, age, reinvestment guarantees and protection of vulnerable areas
4.How can my company benefit from purchasing Guarantees of Origin?
Corporate Social Responsibility strategies are increasingly becoming the backbone of a company's identity. Investing in Guarantees of Origin to document consumption of renewable energy is a stamp that confirms that a company is working sustainably and actively attempting to curb greenhouse gas emission and address climate change. It also sets the standard for other companies in terms of how they should operate and improves both reputation and perception among target audiences.
5.How does the system for the sale and marketing of Guarantees of Origin work?
The system could be compared to the payment system employed by banks. When you wish to make a payment to another party, you deposit the value into the system, and the system subsequently allocates this value to the recipient's account. The amount of electricity you purchase is sold via your electricity supplier using an accounting system established by the authorities. Electricity is certified per unit (MWh) of electricity generated. For every MWh generated, a Guarantee of Origin is issued with a unique number that is registered in a central database. This system eliminates the risk of the Guarantee of Origin being recorded twice.
6.How can I be certain that my purchase of Guarantees of Origin contributes to investment in the further development of renewable energy?
ECOHZ guarantees that payments for renewable energy go to the producer, who can then reinvest in the development of more renewable energy. To further contribute to added environmental value, ECOHZ offers products that meet exceptional ecological demands, including renewable energy solely from new plants, thus stimulating additional production of new renewable energy.
7.What is the difference between purchasing Guarantees of Origin and carbon emission allowances?
Guarantees of Origin document that the electricity is produced from renewable energy sources. By consuming electricity produced with no or very low greenhouse gas emissions, you reduce your Carbon Footprint. Carbon emission allowances do not improve the carbon footprint of your business: they are merely an instrument for ensuring that emissions comply with the limits established by the Kyoto Protocol.
8. What is the difference between Guarantees of Origin (GO) and El-certificates?
The GO documents exactly where and when the electricity was produced, and whether it came from hydro, solar, wind or biomass sources. The El-Certificate is a support scheme with the aim of increasing renewable energy production in Norway and Sweden.