Country profiles: Iceland

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1 Cuntry prfiles: Iceland Last updated: 26/06/ Implementatin f Tracking Systems 1.1 Electricity Disclsure Electricity disclsure in Iceland is implemented by Regulatin number 757/2012, Regulatin n disclsure f infrmatin regarding guarantees f rigin 1. The electricity disclsure became int frce in its riginal frm in The cmpetent bdy is the Natinal Energy Authrity (NEA) ( The breakdwn f energy surces is nt regulated, but a minimum accuracy f RES, NUC and FOS can be understd. At least a reference t infrmatin f assciated CO2 and nuclear waste have t be included in the electricity bill. The Natinal Energy Authrity is respnsible fr calculating the residual mix f Iceland as well as fr supervisin f electricity disclsure. The residual mix is calculated accrding t RE-DISS recmmendatins, based n the Issuance-based methd Disclsure Figures Disclsure figures fr Iceland are frm: Prductin figures are frm Entse: Table 1: prductin and residual mixes Renewable % Nuclear % Fssil % Prductin Mix ,0 0,0 0,0 Mix ,7 5,0 6,3 Prductin Mix ,0 0,0 0,0 Mix ,7 16,4 21,3 Prductin Mix Mix Prductin Mix Mix _Disclsure_Iceland_final_unffical_Translatin.pdf

2 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Mix 2011 Mix 2012 Mix 2013 Mix 2014 Mix 2011 Mix 2012 Mix 2013 Mix 2014 Figure 1 Iceland prductin and residual mixes Envirnmental Infrmatin NEA requires electricity suppliers t disclse t their custmers the cntent f CO2 (g/kwh) and radiactive waste (mg/kwh) in the sld electricity. Table 2: Envirnmental Indicatrs CO2 (g/kwh) Radiactive fuel (mg/kwh) Iceland Prductin Mix ,00 0,00 Iceland mix ,30 0,15 Prductin Mix ,00 0,00 Mix ,50 0,48 Iceland Prductin Mix Iceland mix ,4 0,72 Prductin Mix Mix ,7 0, Suppliers Fuel-Mix Calculatins Electricity disclsure is based n calendar years and cancellatins f GOs relating t disclsure f year X need t be made by 31.3.X+1 the latest. Suppliers are required t present their previus year disclsure infrmatin, at July 1 st latest. Only disclsure f prduct-specific mixes is required. Disclsure f any energy surce is nly pssible thrugh cancelled guarantees f rigin r thrugh the residual mix. An example f disclsure statement can be fund at: stdlud-a4-hr-loka.pdf Acceptance f GOs Iceland must recgnise guarantees f rigin issued by ther EEA Member States. 2/5

3 1.2 Guarantees f Origin fr Electricity frm Renewable Energy Surces and High- Efficient Cgeneratin RES-GO System The guarantee f rigin system in Iceland was first implemented thrugh Act N. 30/2008, n the guarantee f rigin f electricity prduced frm renewable energy surces etc. On December 19 th 2011 the Decisin f the EEA Jint Cmmittee N 162/2011 impsed the requirements f 2009/28/EC n Iceland. The TSO, Landsnet ( is the Cmpetent Bdy fr GOs in Iceland. CHP r nn-res GOs are nt issued in Iceland. Expiry is implemented as 12 mnths after the end f the prductin perid f the GO. The GO system is exclusively based n EECS since 2011 and the central registry can be fund at: cm.grexel.cm. GOs are widely traded and used; see Table 2. The detailed rules and prcedures fr guarantee f rigin can be fund in the dmain prtcl. The current versin f the dmain prtcl can be fund at AIB web page ( GO Statistics Table 1: GO statistics Issue (prd.) Transfer Exprt Imprt Cancel Expiry (May) GO Sta.s.cs 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 Issue (prd.) Transfer Exprt Imprt Cancel Expire (May) Figure 2: GO statistics RES-E Supprt Schemes At the mment there are n RES supprt schemes in Iceland. 3/5

4 2 Prpsals fr Imprvement f the Tracking System Key feature f the electricity tracking and disclsure system is that GOs are the sle mechanism t sell electricity prducts and deviate frm the residual mix, which makes Iceland a frnt-runner in this respect. All fllwing prpsals are made in accrdance with the RE-DISS Best Practice Recmmendatins, which have been agreed by the Participating Dmains f the RE-DISS Prject. 2.1 Prpsals regarding general regulatin n tracking systems The tracking system in place will be imprved thrugh the adptin f the RE-DISS BPRs prpsed in the fllwing sectins. 2.2 Prpsals regarding Disclsure BPR [19]: Eurpean cuntries shuld clarify whether and under which cnditins the use f GOs by end cnsumers is allwed. Such GO use shuld nt be based n ex-dmain cancellatins perfrmed in ther cuntries. If cnsumers are allwed t use GOs themselves, a crrectin shuld be implemented in the disclsure scheme which cmpensates fr any duble disclsure f energy cnsumed. 2.3 Prpsals regarding RE-GO and CHP-GO BPR [4]: An extensin t this lifetime can be granted if a GO culd nt be issued fr mre than [six] mnths after the end f the prductin perid fr reasns which were nt fully under the cntrl f the plant peratr. In this case, the lifetime f the GO might be extended t [six] mnths after issuing the GO. BPR [8]: In case that nt all Eurpean cuntries are members f EECS, apprpriate cnnectins between the EECS system and nn-eecs members as well as in between different nn-eecs members will need t be established. These include inter alia prcedures fr assessing the reliability and accuracy f the GO issued in a certain cuntry and interfaces fr the electrnic transfer f GO. 2.4 Prpsals regarding Acceptance f GO BPR [20]: Any rejectin shuld nly relate t the actual use f cancelled GO fr disclsure purpses in the respective cuntry and shuld nt restrict the transfers f GO between the registries f different cuntries. a) Eurpean cuntries shuld chse ne f the tw fllwing ptins and apply it cnsistently fr all freign GO : - Rejectin f GOs nly relates t the cancellatin f GOs and subsequent use fr disclsure purpses in the respective cuntry and shuld nt restrict the transfers f GOs between the registry f the cnsidered cuntry and the registries f their cuntries. This means that the decisin abut the recgnitin f a GO shuld nt hinder its imprt int the cnsidered cuntry. - Rejectin f GOs implies blcking their imprt t the natinal registry. The chice f ne r the ther ptin shuld be transparent fr all market parties and clearly cmmunicated. 2.5 Further prpsals regarding Disclsure BPR [11b]: GOs shuld be issued fr all electricity prductin, unless an RTS applies fr that prductin, e.g. fr the disclsure f supprted electricity BPR [11c]: Cmpetent bdies shuld cnsider t make the use f GOs mandatry fr all electricity supplied t final cnsumers. BPR [39a]: As required by Art. 3 (9) f the IEM Directive 2009/72/EC annual disclsure f the supplier mix n r with the bill shuld be mandatry. This shuld als include infrmatin n envirnmental impacts. Disclsure related t individual prduct purchased by the custmer is mandatry in Iceland 4/5

5 BPR [40]: There shuld be clear rules fr the claims which suppliers f e.g. green pwer can make twards their cnsumers. There shuld be rules n hw the additinality f such prducts can be measured (the effect which the prduct has n actually reducing the envirnmental impact f pwer generatin), and suppliers shuld be required t prvide t cnsumers the rating f each prduct based n these rules. BPR [41]: Claims made by suppliers and cnsumers f green r ther lw-carbn energy relating t carbn emissins r carbn reductins shuld als be regulated clearly. These regulatins shuld avid duble cunting f lw-carbn energy in such claims. A decisin needs t be taken whether such claims shuld adequately reflect whether the energy purchased was additinal r nt. BPR [42]: In case that suppliers are serving final cnsumers in several cuntries rules must be develped and implemented cnsistently in the cuntries invlved n whether the cmpany disclsure mix f these suppliers shuld relate t all cnsumers r nly t thse in a single cuntry. 2.6 Matrix f disclsure related prblems and cuntry-specific prpsals Prblem Cuntry-specific prpsal Pssible duble cunting in different explicit tracking instruments BPRs: [8] Duble cunting f attributes in implicit tracking mechanisms BPRs: [21] Duble cunting within individual supplier's prtfli BPRs: [42] Lss f disclsure infrmatin BPRs: [19], [39a] Intransparency fr cnsumers BPRs: [11b], [11c], [40], [41], [42] Leakage f attributes and/r arbitrage BPR: [19] Unintended market barriers BPRs: [4], [8], [11a], [11b], [20], [20a], [20b] Disclaimer: The sle respnsibility fr the cntent f this dcument lies with the authrs. It des nt necessarily reflect the pinin f the Eurpean Unin. Neither the EACI nr the Eurpean Cmmissin is respnsible fr any use that may be made f the infrmatin cntained therein. 5/5

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