The principal object of this Part is to create a financial incentive to reduce peak demand for electricity by encouraging activities that create peak demand reduction capacity.
(2)
The other objects of this Part are as follows—
(a)
to improve the reliability of electricity supply,
(b)
to reduce the cost of electricity for customers,
(c)
to improve the sustainability of electricity generation.
(3)
The following persons are required to participate in the peak demand reduction scheme—
(a)
a retailer,
(b)
a direct supplier of electricity,
(c)
a market customer within the meaning of the National Electricity Rules.
(4)
A scheme participant is required to surrender certificates in relation to each compliance period in accordance with this Part.
