Elcertificates

From January 1st 2012 Norway and Sweden have had a common market for elcertificates. An elcertificate is an electronic document granted to producers of new renewable electricity for each MWh they produce. Most consumers with some defined exceptions are obliged to buy a specific amount of elcertificates each year.

Until 2020, Norway and Sweden intend to expand their electricity production based on renewable energy sources by 28.4 TWh. New built renewable power plants are entitled to elcertificates following certain criteria and approval by the Norwegian Water Resources and Energy Directorate (NVE). Power consumers, with some defined exception, are obliged to cover a certain amount of their consumption with elcertificates (quota obliged consumption). For most consumers the suppliers handle the elcertificates obligation. The quota increases gradually until 2020. The system is scheduled to be phased out in 2035.

 

Statnett SF is appointed issuing body of elcertificates by the Ministry of Petroleum and Energy. Entitled producers, quota obliged parties and others that want to open en elsertificate account have to apply for this to Statnett. The Norwegian Energy Certificates System (NECS) keeps track on all issued certificates, account holders inventories, transactions and the annual settlement process.

 

Energimyndigheten is appointed issuing body in Sweden as of 2015 January 1st. The Swedish registry is called Cesar.

Published - Last updated