【正文】
ket from January 1, 2021 postponed to January 1, 2021 ......... ? Proposed to last up to 2030 ? Purpose: – release large scale investments in renewable energy, – decreased fossile fuel production。 and – improved power balance Outline of the SwedishNowegian elcertificate market (2/2) ? 15 years elcertificate production period per project ? Each power consumer (except energy intensive industry) obliged to consume a certain quota of renewable energy through elcertificates ? Increasing elcertificate quota level bined with penalty fee for nonpliance ? Elcertificates can be freely traded in the market: spot, futures, forwards ? Elcertificates can be accumulated and saved ? Technology neutral? Timeschedule for the elcertificate market Oct Jan Dec Feb Mar Apr Nov June May Norway 2021 2021 15/02 (?) Law proposal to parliament 20/06 (?) Approval 01/11 – 01/12 possible public review and additional law modification 17/3 law proposal to the parliament March June law proposal at the energy ittee 20/06 Approval Sweden 2021 2021 Jun Jan Dec Nov Oct Feb Mar Apr May Clarify law principles in coordination with Norway Clarify law principles in coordination with Sweden Feb June law proposal at the Energy ittee E r C mittee C mittee Risk of market based incentives ? Political risk ? Price risk ? Hedging premiums