The agreement of the 29th of 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 is designed. Despite being a common market, each country has national Acts and Regulations that govern the electricity certificate system in the respective country
The agreement for a joint market for electricity certificates is available on the websites of the relevant authorities:
Who does what?
In Norway, NVE is the regulatory authority and Statnett is responsible for the electricity certificate register. In Sweden the Swedish Energy Agency is both the regulatory authority and responsible for the electricity certificate register.
NVE and the Swedish Energy Agency
- Administer the electricity certificate system in their respective country
- Process incoming applications for electricity certificates
- Register and deregister market participants and individuals
- Supervise market participants in the electricity certificate market
- Provide updated information on the electricity certificate market
- Administer penalties and quota obligation fees
Statnett and the Swedish Energy Agency
- Are responsible for the Norwegian and Swedish Electricity Certificate Registers (NECS and 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 updated information on the number of issued and cancelled electricity certificates, and the average electricity certificate price