Argus Introduces First Price Assessments for French Biomethane Guarantees of Origin

Argus Launches Revolutionary Price Assessments for French Biomethane

In a significant advancement for the renewable energy sector, Argus Media has officially launched the first ever price assessments for French Renewable Gas Guarantees of Origin (RGGOs). This initiative represents a considerable milestone in increasing the transparency of the biomethane market, which is vital for meeting both domestic and EU decarbonization goals.

Understanding RGGOs and Their Importance

French RGGOs serve as certification for the source and timing of biomethane that is injected into the national gas grid. These certificates are essential for consumers and businesses looking to document their use of biomethane, and they also play a role in emissions trading systems in Europe. With the EU striving to meet stringent sustainability and emissions targets, accurate pricing and transparency of renewable energy sources like biomethane becomes ever more critical.

Adrian Binks, Chairman and CEO of Argus Media, stated, “The launch of the French RGGOs price assessments is a key step toward enhancing market transparency. This development has been informed by extensive industry input and expands our suite of global energy attribute certificates.”

The price assessments will be updated weekly, offering stakeholders timely information that helps them navigate the complexities of the renewable energy landscape. By developing these assessments, Argus aims to provide better insights into the market dynamics and assist companies in making informed decisions regarding biomethane sourcing and usage.

The Current State of the Biomethane Market in France

Biomethane is increasingly recognized as a crucial alternative to traditional fossil fuels in Europe. Generated from energy crops and waste materials, it is significantly contributing to the decarbonization of sectors such as transportation and marine fuels. France has set an ambitious target of producing 44 terawatt-hours (TWh) of biomethane annually by 2030. As of 2024, the country succeeded in injecting around 11.6 TWh into its gas grid, which represented slightly more than 3% of its total gas consumption. Currently, it is the second-largest producer of biomethane in the EU, only behind Germany.

The growth rate in biomethane injections is impressive, with the third quarter of the last year showing a nearly 15% increase compared to the previous year—bringing the total to 3.35 TWh, or around 8% of the total gas consumption.

While French RGGO prices have often lagged behind similar markets in countries such as Denmark and the Netherlands—primarily due to domestic usage restrictions—the demand is steadily increasing. For instance, cancellations of French RGGOs surged in 2024, increasing by nearly half to 9.1 TWh, and the trend continues into 2025, where cancellations have exceeded 9.2 TWh just in the first nine months.

The Future of Biomethane and RGGOs

As the demand for biomethane continues to surge, the role of price assessments like those introduced by Argus becomes crucial in shaping market expectations and driving investments. These assessments will allow suppliers and consumers alike to make better decisions based on accurate market data, ultimately facilitating greater adoption of renewable gases.

Additionally, Argus's commitment to creating a comprehensive suite of price assessments for energy attribute certificates not only includes RGGOs but also extends to other renewable fuels and electricity guarantees of origin. This comprehensive approach is designed to enhance the understanding and efficiency of renewable energy markets globally.

In summary, Argus Media's launch of the French biomethane guarantee price assessments is a pivotal moment for both the French renewable energy industry and global energy markets. It marks a significant step toward a more sustainable energy future, ensuring that all stakeholders have the tools they need to navigate the evolving landscape of renewable energy.