ECOHZ Select is a premium renewable solution sourced from new power plants, not having received support and with the highest environmental standard. It is specially designed to meet requirements in EU and national guidelines for green power procurement. The solution is inspired by German UBA’s guidelines for procurement of renewable energy documented with Guarantees of Origin (GOs).
The demand for electricity products with impact is growing. Based on experienced customers needs and current market trends, we have constructed a unique product – ECOHZ Select. Adhering to the requirements in the UBA guidelines specifically for the public sector. ECOHZ Select is built to fit, and contains the following core elements:
1. 100 % renewable energy from power plants without support
The electricity is 100% renewable energy generated by power plants with no investment or production support.
2. Renewable energy delivery from minimum 50% new capacity
A minimum share of 50% of the delivery will come from new production capacity, either completely new power plants or new production capacity in old power plants, where new is defined as:
- Wind, solar and bioenergy < 4 years
- Hydro and geothermal energy < 6 years
- A higher share of new renewable energy can be agreed upon.
3. High environmental standard
ECOHZ Blue Power adheres to the latest EU environmental criteria. Consumers can be sure that the production meets the latest EU Environmental standards regarding protection of habitat, birds and biodiversity.
4. Annual matching of production and consumption
Renewable energy MATCHING ensures that the renewable consumption – documented with GOs – in a specific period, is matched with the production from the same period. UBA specifies the period as one calender year.
5. Power plants should be described and possible to identify
The GO provides credible and verifiable documentation of the origin of the electricity. Technology and power plant together with the volumes will be specified on the individual GO.
6. Grid connection between production and consumption
The origin of the electricity is within the European coupled market area.
Here are some ways to improve ECOHZ Select or your own solution:
7. Monthly matching of production and consumption
Changes in reporting requirements in numerous European markets are driving demand for matching consumption and production on shorter time periods than on an annual basis. Consumers also want to make sure that there is always enough renewable production to cover their consumption throughout the year. ECOHZ offers two different options of Monthly matching: fixed- and variable consumption profile
8. Build a stronger “relationship” with the renewable power plant and a have a good story to communicate
With ECOHZ Power Plant Reservation the customers will get their own pool of power plants that will be used to document the renewable energy consumption – reserved for up to three years. The power plants will be agreed upon before participation in a tender or prior to entering into a contract.
9. Documentation of grid connection and physical flow from power plants to consumer
The origin of the electricity delivered to the end-consumer by the electricity supplier and documented by GOs, will only be from power plants delivering to a grid being part of the interconnected European grid and participating in the European market coupling mechanism regulated by ENTSO-E (European Network of Transmission System Operators for Electricity). Delivery to the coupled market will be documented by GOs and sales documentation from the local power exchange in the production area. Off-take from the coupled market will be documented by cancellation of the GO and buying documentation from the local power exchange in the consumption area – on a monthly basis.
Are you interested? Contact John Ravlo