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RENEWABLE ENERGY (ELECTRICITY) ACT 2000 - SECT 36

Large - scale generation shortfall charge payable by liable entity

  (1)   Subject to subsection   (2), if a liable entity has a large - scale generation shortfall for a year, large - scale generation shortfall charge is payable in respect of the shortfall.

  (2)   No large - scale generation shortfall charge is payable by a liable entity for a year if its large - scale generation shortfall for the year is less than 10% of the liable entity's required large - scale renewable energy for the year. However, the large - scale generation shortfall becomes a carried forward shortfall for the year.

  (3)   Large - scale generation shortfall charge imposed in respect of a liable entity's large - scale generation shortfall for a year is payable by the liable entity.

Note:   Large - scale generation shortfall charge is imposed by the Renewable Energy (Electricity) (Large - scale Generation Shortfall Charge) Act 2000 .



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