The illustration and caption come from the Ministry of Petroleum and Energy’s website www.energifakta.no.
Explanation of no.
Explanation
1
Power producers receive one electricity certificate for each megawatt hour (MWh) they produce for a maximum of 15 years.
2
The 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.
3
The 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.
4
The electricity customer pays for the development of the renewable power production because the costs of the certificate are included in the electricity bill.
5
Each year, electricity suppliers with market quota obligations must annul certificates to fulfil the quota obligation.