Norwegian Energy Production and Consumption

Transcription

1 Norwegian Energy Production and Consumption Peter Føllesdal Brown Assistant Director General Energy and Water Resources Department, MPE Oslo, 13 May 2015

2 Norway and EU Commissioner Miguel Arias Cañete and Norwegian Minister of Petroleum and Energy Tord Lien 2

3 Responsible for administration of Norway s water and energy resources. Energy and Water Resources Department Responsible for construction and operation of the central grid. It owns about 87 per cent of the central grid, and operates the entire system. Responsible for the Government s efforts to restructure energy production and use. 3

4 2 % 2 % Norwegian Electricity Production 96 % Hydropower windpower Thermal power Total installed capacity: MW 95,7 per cent is hydropower Total reservoir capacity: 84 TWh 88 % of the electricity production is publicly owned Electricity production in 2014: 141 TWh 4

5 Energy Consumption pr Capita

6 Norwegian Energy Consumption by Sector 6

7 Norwegian Stationary Energy Consumption by Carrier 7

8 Annual Inflow into the Hydropower System 8

9 An Integrated Nordic Electricity Market 9

10 Imports and Exports, Net exports 2014: 15,4 TWh 10

11 Energy Policy Instruments Taxes on energy use, CO 2 emissions EU ETS carbon trading system Regulations (buildings, appliances) Information (guidance, energy labeling) Electricity Certificate Scheme Enova investment support for projects: Energy efficiency Heat from renewables New technology Reduced emissions from transportation 11

12 The elcertificate market Introduced 1 January 2012 Overall target is 26.4 TWh new renewable electricity production by the year o Represent about 10 per cent of today s total electricity production in Norway and Sweden Joint support scheme in accordance with the cooperation mechanism in article 11 of the Renewables Directive 12

13 The elcertificate market Norway and Sweden are each responsible for financing 13,2 TWh, regardless of where the production is located. o New RES-E shared 50/50 between Norway and Sweden Technology neutral support scheme o All energy sources defined as renewable energy sources in accordance with Renewables Directive qualifies for the right to certificates (hydro, wind, solar etc.) Market based support system o Supply and demand in the elcertificate market determines the elcertificate price (support level).

14 Enova and The Energy Fund Enova is a State Enterprise owned by MPE Goal: Enova promotes environmentally friendly restructuring of energy end-use and energy production, and contributes to development of energy and climate technology. Enova s funding comes from the Energy Fund which is owned by the MPE. Approximately 2.2 billion NOK ($275 million) added annually Enova manages the Energy Fund based on a 4-year agreement with the MPE. 14

15 Enova and The Energy Fund The Agreement stipulates an overall energy target expressed in TWh that Enova must meet within the expiry of the agreement period. Combined energy and climate results of minimum 7 TWh by 2016 Energy and climate technology, shall contribute to a reduction in GHG emissions and support the development of energy diversification in the long run. 15

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