【正文】 owegian elcertificate market (1/2) ? The Swedish elcertificate market started up in May 2021 ? Original target operation of a joint SwedishNorwegian elcertificate market 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 J