The electricity certificate system
The electricity certificate is a market-based support system for electricity from renewable energy sources.
The system came in to force on the 1st of May 2003 and is intended to increase the production of renewable electricity and also make the production more cost-efficient. The objective of the electricity certificate system is to increase the production of renewable electricity with 25 TWh by year 2020 compared to year 2002. The system replaces earlier public grants and subsidy systems.
The principle of the system is that there are sellers and purchasers of certificates and market to bring them together.
