The agreement of 29 June 2011 between Norway and Sweden on a common market for electricity certificates sets out the purpose of the certificate system and how the market will function. In spite of the fact that it is a common market, each country has national Acts and Regulations that govern the electricity certificate system in that country
The agreement between Norway and Sweden on a joint market for electricity certificate is available in its entirety on the websites of the relevant authorities:
Who does what?
In Norway, NVE is the regulatory authority and Statnett is responsible for the register, while in Sweden the Swedish Energy Agency is both the regulatory authority and responsible for the register.
NVE and the Swedish Energy Agency
- Administer the electricity certificate system in their country
- Process Applications for electricity certificates
- Register/deregister market participants With quota obligations
- Supervise market participants in the electricity certificate market
- Provide ongoing information about Developments in the electricity certificate market
- Administer penalties and quota obligation fees
Statnett and the Swedish Energy Agency
- Responsible, respectively, for the Norwegian and Swedish electricy certificate registers (NECS/Cesar)
- Issue electricity certificates on the 15th of each month
- Cancel electricity certificates based on decisions made by NVE or the Swedish Energy Agency
- Publish ongoing information about the number of issued and cancelled electricity certificates and the average electricity certificate price