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ARTICLE · 08 NOVEMBER 2005

Bill Proposed for Electricity Certificate Market

Advokatfirmaet Haavind Vislie AS
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A common Nordic market is developing for green certificates (for further details please see "Nordic Market Anticipated for Green Certificates"). The authorities had aimed to present a defined plan to the Norwegian Parliament in Spring 2004, but did not stay on schedule. However, on November 24 2004 the Norwegian government presented a proposal based on the EU Renewable Energy Directive, which sets targets for renewable energy consumption in EU member states. The proposal aims to increase renewab

NorwayEnergy and Natural Resources
Kristin Bjella
Kristin Bjella

A common Nordic market is developing for green certificates. The authorities had aimed to present a defined plan to the Norwegian Parliament in Spring 2004, but did not stay on schedule. However, on November 24 2004 the Norwegian government presented a proposal based on the EU Renewable Energy Directive, which sets targets for renewable energy consumption in EU member states. The proposal aims to increase renewable energy production and consumption. The hearing was completed in February 2005.

According to the proposal, renewable energy producers will receive certificates in accordance with the volume of renewable energy they produce. Only the production of power stations for which construction began after January 1 2004 will be entitled to receive certificates.

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