The illustration and caption come from the Ministry of Petroleum and Energy’s website www.energifakta.no.
Explanation of no.Explanation
1Power producers receive one electricity certificate for each megawatt hour (MWh) they produce for a maximum of 15 years.
2The electricity certificates are sold in a market where demand and supply determines the price. In this way, the producer will receive extra revenue in addition to the power price.
3The demand for electricity certificates arises when power suppliers and certain electricity customers are required by law to buy certificates for a certain proportion (quota) of their relevant electricity consumption.
4The electricity customer pays for the development of the renewable power production because the costs of the certificate are included in the electricity bill.
5Each year, electricity suppliers with market quota obligations must annul certificates to fulfil the quota obligation.