The system is a quota obligation, meaning that electricity suppliers are obliged to pay a proportion of their earnings from electricity sales to end-consumers into a fund that supports the development of renewable sources. Support payment is documented by cancelling electricity certificates, support certificates issued to new electricity production, and sold by the producer eligible for support.
The support certificates can be freely traded to stimulate development of the most cost-effective methods of production.
One El-certificate is equivalent to 1 MWh and is issued, delivered and redeemed electronically. The El-certificates are traded in the same system as GOs, with which we at ECOHZ have had a great deal of experience. All electricity providers and consumers are obliged to buy el-certificates for a specified quota of the electricity sold or consumed.
ECOHZ offers short and long-term partnerships to create cost-effective solutions for the administration and trading of El-certificates. We offer administrative and sales services to owners of new power plants, and we also offer administrative and buying services to electricity suppliers obliged to fulfil their annual support quota.