Energy Co-ordination and Planning Act 1995

In this section – NEM means the interconnected national electricity system used to convey, and control the conveyance of, electricity, the load of which is settled through the wholesale electricity exchange operated and administered by the Australian Energy Market Operator under the National Electricity Rules;NEM-connected equipment means electricity-generating equipment, situated in Tasmania, that is connected to the Tasmanian electricity grid, whether or not – the equipment is directly connected to that grid or is operated primarily for the provision of electricity to the Tasmanian electricity grid; and any of the electricity generated by the equipment is conveyed to the Tasmanian electricity grid;Tasmanian electricity grid means so much of the NEM as is situated in Tasmania.

The renewable energy targets are – that, in at least one calendar year ending on or before 31 December 2030, 15,750 GWh of electricity that is generated in that calendar year by NEM-connected equipment is to be generated by utilising renewable energy sources or by converting renewable energy sources into electricity; and that, in at least one calendar year ending on or before 31 December 2040, 21,000 GWh of electricity that is generated in that calendar year by NEM-connected equipment is to be generated by utilising renewable energy sources or by converting renewable energy sources into electricity.