MEMO Becomes Member of AIB – Macedonian Guarantees of Origin One Step Closer to Integration into the European System 

20 May 2026, Athens – At the General Assembly of the Association of Issuing Bodies (AIB), the National Electricity Market Operator MEMO LLC officially became a member of the Association. Together with the activities undertaken by the Ministry of Energy, Mining and Mineral Resources and the Energy Community Secretariat for the mutual recognition of Guarantees of Origin (GOs) between the countries of the European Union and the Energy Community, North Macedonia is now one step closer to joining the European system for the issuance, transfer and recognition of Guarantees of Origin. These guarantees represent a unique and internationally recognized proof of the origin of electricity generated from renewable energy sources.

The General Assembly was attended by MEMO’s CEO, Zoran Gjorgjievski, and Denko Rafajlovski, Head of the Renewable Energy Support Department at MEMO, together with representatives of national issuing bodies, electricity market operators, regulators and institutions from several European countries that are members of AIB.

“With MEMO’s  membership in AIB, the Macedonian system for Guarantees of Origin is implementing the necessary procedures required for further accession to the European Energy Certificate System (EECS), which will enable secure, transparent and internationally recognized issuance and trading of green electricity certificates. Further integration of the domestic electricity market with the European energy market is of great importance, as it opens new opportunities for renewable electricity producers, suppliers and companies to demonstrate their use of green energy in line with European ESG and decarbonisation standards. Membership in AIB will contribute to increasing the trust, competitiveness and attractiveness of the Macedonian renewable energy market,” stated Gjorgjievski.

In April 2025, MEMO, in cooperation with Grexel – a leading European company in this field – successfully implemented the electronic Registry system for Guarantees of Origin, in accordance with EECS rules and AIB standards.

“Since then, 500 thousand Guarantees of Origin for electricity have been issued. Each Guarantee of Origin represents one megawatt-hour (MWh) of electricity generated from renewable sources and enables transparent tracking of the origin of energy – from producer to consumer. Guarantees are traded on open markets and represent an important instrument for promoting renewable energy, while also ensuring security and choice for consumers regarding energy sources.

AIB provides the foundation for transparent and efficient transfer of green certificates between countries by connecting national registries through the AIB Hub. Last year, MEMO became an observer member of AIB as a first step toward full membership, which is a prerequisite for introducing Guarantees of Origin that will be recognized and traded within European Union member states. We continue to build a modern energy market aligned with European regulations,” said Rafajlovski.

AIB, headquartered in Brussels, is the leading European association for energy certification, dedicated to ensuring transparency in the European energy market through the standardization of Guarantees of Origin.

MEMO remains committed to the development of a transparent, efficient and European-aligned electricity market.