Definition
The electricity certificate scheme is a Norwegian-Swedish support system for renewable energyEnergy from sources that renew naturally - wind, solar, hydropower and bioenergy - as opposed to fossil fuels. that was introduced in 2012 and runs until 2035. Producers of approved renewable energy (hydropowerElectricity produced from the potential energy of falling water - Norway's dominant energy source (~90% of production) with a unique ability to ramp up and down quickly., wind, solar, bioenergy) receive one electricity certificate per MWh produced. Power suppliers are subject to a quota obligation - they must purchase a certain number of electricity certificates proportional to their sales volume. The certificates are traded in a dedicated market (the Cesar system), and the price reflects supply and demand for green capacity. The aim was to increase renewable electricity production in Norway and Sweden by 28.4 TWh by 2020. The scheme is separate from guarantees of origin (GOs) - electricity certificates are production subsidies, not documentation for end users.