Renewable Energy Certificates
Abstract
The 2% Mandated Renewable Energy Target legislation in Australia, when it is enacted, will have several implications for generators including issues for development of generation projects and administration and compliance requirements for operating generators. This paper discusses what some of these implications might be at a practical level
The Bill to create the Renewable Energy (Electricity) Act 2000. (Cwth) is presently passing through the Australian Senate along with the related 'Charges' legislation which manages the quantum of the penalty amount for any shortfall in meeting the obligation of a liable party.
The Bill is not yet passed but is expected to pass to enable a start date of April 2001.
Very importantly, the regulations under the acts have not yet been released into the public domain and it is here that we would expect to see a number of the key operative provisions that will have an impact on the day-to-day operations of relevant parties.
In the absence of this information we have applied some speculation as to what might eventuate and the issues we would expect would be dealt with in the regulations.
This paper is a discussion paper only and the author makes no representations that matters considered will come to pass in the ways discussed.
This paper looks at the legislation from the perspective of generators. Generators will be impacted upon in a variety of ways by the legislation and it is considered important for generators to arrange their affairs to maximise their potential benefits from the legislation and to minimise the potential costs and risks involved.