Renewable Energy (Electricity) Act 2000

The following method statement shows how to work out a liable entity’s large‑scale generation shortfall for a year:

Method statement

Step 1. Work out the total amount, in MWh, of electricity acquired by the liable entity during the year under relevant acquisitions.

Step 2. Subtract from the total electricity acquired the amount of the liable entity’s exemption for the year.

Step 3. Multiply the result of step 2 by the renewable power percentage for the year and round the result to the nearest MWh (rounding 0.5 upwards). Add to the result any carried forward shortfall from the previous year or subtract any carried forward surplus for the previous year. The result is the liable entity’s required large‑scale renewable energy for the year.

Step 4. Subtract the total value, in MWh, of large‑scale generation certificates surrendered for that year, under Subdivision A of Division 1 of Part 5, by the liable entity from the required large‑scale renewable energy for the year.

Result: If the result is greater than zero, the liable entity has a large‑scale generation shortfall for the year equal to the result.

If the result is zero, the liable entity does not have a large‑scale generation shortfall for the year.

If the result is less than zero, the liable entity has a carried forward surplus for the year equal to the result (expressed as a positive).