Kontrollstation 2015 – suggests adjustments to the electricity certificate system
Since 2012 the Swedish-Norwegian electricity certificate market has delivered a total of 6.2 TWh new, renewable energy production. The goal is to reach 26,4 TWh by 2020. Swedish Energy Agency's report Kontrollstation 2015 (Checkpoint 2015 ) shows that changes need to be made in the current electricity certificate regulation in order to achieve the common goal.
Checkpoint 2015 also proposes measures on how to improve the operation of the market.
The goal of the Swedish-Norwegian electricity certificate market, which was founded on 1 January 2012, is to reach a joint production of renewable energy of 26.4 TWh by 2020. Yesterday the Swedish Energy Agency delivered its report Kontrollstation 2015 to Anna-Karin Hatt, Minister for Information Technology and Energy. The suggested adjustment of the quotas that the Agency presents have been made due to factors such as a quicker expansion rate of renewable energy than expected and reduced electricity usage with quota obligation. The recommendation means that the quota obligations are increased by 8 TWh per year between 2016 and 2019.
"The market works and there are sufficient potential projects to reach the target, but one requirement is that we adjust the quotas so that projects necessary to reach the common goal will be accomplished," says Erik Brandsma, Director-General of the Swedish Energy Agency.
Other recommendations in the report include improved information to the market's actors.
About Kontrollstation 2015
Kontrollstation 2015 is a report by the Swedish Energy Agency, commissioned by the government. The aim of the report has been to investigate the need and provide data for any changes in the electricity certificate system regulation. The Norwegian Water Resources and Energy Directorate (NVE) has produced a corresponding report.
On Wednesday the 12th of February at 10.00-15.00 a seminar hosted by NVE and the Swedish Energy Agency will be held at Gardemoen in Oslo, Norway. At the seminar the two agencies will present their proposals for changes regarding the electricity certificate system further. The seminar is webcasted.
18 TWh new renewable energy in Sweden since 2003
The electricity certificate system is a market based system to support producers of renewable energy which was introduced in Sweden in 2003. Since the introduction the electricity certificate system has delivered 18 TWh of renewable energy in Sweden. Wind power constitutes 53 per cent of the increase and biofuel-based electricity production makes up 39 per cent.
The electricity certificate system shall contribute to 25 TWh renewable electricity production between 2002 and 2020 in Sweden. In addition 13,2 TWh renewable electricity shall be produced together with Norway between 2012 and 2020.
A Swedish-Norwegian electricity certificate market:
- Since 1 January 2012, Sweden and Norway have had a joint market for trading electricity certificates, to promote new and renewable electricity production.
- The collaboration between the countries is regulated by an agreement that has been approved by both countries' national parliaments.
- The agreement states that together the countries are to increase the renewable energy production by 26.4 TWh between 2012 and 2020. The countries have equally high ambitions for the period.
- The electricity certificate system has delivered electricity at reasonable prices to consumers. From a European perspective, the cost for the consumers is low.