Electricity Supply Act 1995

As soon as practicable after 1 March in each year, the Scheme Regulator must prepare a report on the extent to which scheme participants have complied, or failed to comply, with individual energy savings targets during the previous year.

The report must be forwarded to the Minister on or before—

the date prescribed by the regulations, or

if the regulations do not prescribe a date—31 August in the same year.

Without limiting the above, the report is to contain the following—

the name of each scheme participant and the performance of the participant in relation to the participant’s individual energy savings target in the year to which the report relates,

the total number of energy savings certificates surrendered in the year to which the report relates,

the total number of energy savings certificates created in the year to which the report relates,

the total number of energy savings certificates created in previous years and not surrendered under this Part before the beginning of the year to which the report relates,

an assessment of the extent of any under supply or over supply of energy savings certificates that may be surrendered under this Part in the year to which the report relates,

an estimate, prepared by the Scheme Administrator, of the actual savings in each recognised form of energy that have been realised by end users under the scheme in the year to which the report relates (having regard to the number of energy savings certificates that have been created),

an estimate, prepared by the Scheme Administrator, of the actual savings in each recognised form of energy that will be realised by end users under the scheme in the next 10 years (having regard to the number of energy savings certificates that have been created).

For the purposes of subclause (2), any energy savings certificates created under an approved corresponding scheme that are not able to be surrendered by a scheme participant for the purpose of meeting its annual energy savings target or remedying a carried forward shortfall are to be disregarded.

The report must also set out the functions delegated by the Scheme Regulator or Scheme Administrator and the person or body to whom they were delegated.

The Minister must lay the report or cause it to be laid before both Houses of Parliament as soon as practicable after receiving the report.

For the purposes of enabling the Scheme Regulator to compile a report under this clause, the Scheme Administrator must furnish the Scheme Regulator with—

the estimates the Scheme Administrator is required to prepare for inclusion in the report, and

such other information as the Scheme Regulator reasonably requires to complete the report.

The first report under this clause is to be made in the year 2010.