GreenPass

GreenPass is the commercial name for the Guarantees of Origin for renewable electricity produced by PPC.

Through the Renewable Energy Guarantees of Origin, GreenPass sets aside energy generated and reserved by PPC renewable energy power plants, equal to the amount consumed by your home.

The Guarantees of Origin represent the property rights of the environmental, social and other characteristics of the production of electricity from renewable sources. They are a parallel product of the production of electricity from RES and are traded together or separately from the electricity to which they refer.

The environmental characteristics of energy versus the energy produced by RES offers the possibility of supplying sustainable energy in any geographical area regardless of the specific area where the energy is produced. 

The Guarantees of Origin produced by RES confirm that the equivalent amount of energy you consume is generated and preserved from RES by a specific Electricity Supplier, in this case by PPC.

Each GO certificate is electronic, unique, transferable and therefore tradeable. Its price represents the environmental and social characteristics from the production of 1 MWh of energy from RES.

The GO provide the following information:

•  a unique certification number
•  the issuer
•  the quantity of energy
•  the renewable source
•  the facility of production
•  the period of production

The number of available Guarantees of Origin is finite and may vary under normal circumstances, because it depends objectively on weather conditions in relation to the number, size and generation capacity of PPC's certified RES plants. Therefore, it is a product of limited quantity.

It should be noted that in order to be able to revoke (i.e. to commit for use) Guarantees of Origin from RES in favour of a third party, a person must have an Electricity Supply Licence and be its Supplier.

PPC is one of the largest renewable energy producers in Greece. The installed power of its hydroelectric plants is over 3,000 MW, while the installed power of its wind and photovoltaic electricity production facilities is 200 MW.

The electricity consumed in our homes through the Grid is called "gray", because it is the mixture of electricity produced by different sources (e.g. lignite, natural gas, hydro power, wind, etc.)

By combining the GreenPass with the electricity program, we are essentially buying "sustainable features" for the "gray" electricity we consume. In this way we reduce the energy footprint of our household, i.e. carbon dioxide (CO2) emissions and at the same time we support the implementation of investments in Renewable Energy Sources in Greece.

Buying the GreenPass service is a declaration that your household wishes to operate in a sustainable way that will support future generations! GreenPass is a statement and an effort for a greener planet and a sustainable future.

The contract may be cancelled at any time one month after it has been activated, at no extra charge.