Country:Norway
Year:2012
Policy status:In Force
Jurisdiction:International
Date Effective:2012
Date Ended:2035
Policy Type:Policy Support, Economic Instruments>Market-based instruments>Green certificates
Policy Target:Energy Sector>Electricity Generation>Renewable
Agency:Ministry of Petroleum and Energy
URL:http://www.regjeringen.no/en/dep/oed/Subject/energy-in-norway/electricity-certificates.html?id=517462,
Legal References:Treaty of 29 June 2011 No. 12 and amendment of 8 April 2015, Act of 24 June 2011 No. 39
Enforcement:Financial penalty
Evaluation:Progress reviews shall take place every four years unless the council, established pursuant to the agreement between Norway and Sweden on a common electricity certificates market, decides otherwise. A progress review is the conduct of joint reviews and discussions between Norwegian and Swedish authorities concerning matters such as the need for amendment or adjustment of the regulations governing electricity certificates.
Penalty:By 31st March each year, obliged parties must present an equivalent number of certificates to their quota levels obligation. If obliged parties fall short of the required number of certificates, a penalty equivalent to 150% of average certificate value, for a given period of time, must be paid for each certificate missing.
Description:

1 January 2012 a common Norwegian-Swedish certificate market for renewable electricity production was established. The overall target for new renewable electricity production in the common electricity certificate market is 28.4 TWh by the year 2020. The certificate scheme is an important measure in the strategy to reach Norways national energy target in accordance with the renewables directive, which is 67.5 % renewable energy by 2020.

Related policies:The Electricity Certificate System

Last modified: Fri, 20 Jan 2017 14:21:42 CET