The government of Norway has presented a bill to Parliament amending the Law on electricity certificates, that will give more time to project developers to build new renewable power plants to qualify for subsidies under the common certificate market with Sweden.
Norway and Sweden have had a common green certificate market since 2012 and aim to raise renewable power generation by 28.4 TWh (13.2 TWh for each country) over the 2012-2020 period. Electricity suppliers and certain electricity consumers have to acquire green certificates (1 certificate per MWh) on the basis of their power sales or consumption and of an annual quota (6.9% in 2014, 8.8% in 2015 rising by an average of 1.9%/year until reaching 18.3% in 2020, and then decreasing to 0.9% in 2035).
The Norwegian government proposes to include hydropower plants below 10 MW and commissioned after 1 January 2004 in the certificate scheme and to extend the eligibility deadline for power plant commissioning from 2020 to 2021. The government also aims to change the annual quota of certificates to be traded until 31 December 2035. It also aims at excluding oil refineries, one of the largest power consumers, from the obligation to buy certificates.
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