Commonwealth Consolidated Acts

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RENEWABLE ENERGY (ELECTRICITY) ACT 2000 - SECT 96

Value of certificates surrendered

  (1)   The certificate value for a large - scale generation certificate surrendered under section   95 is equal to the large - scale generation shortfall charge payable in respect of 1 MWh in the charge year specified under subsection   95(3).

  (2)   The total of the certificate values of large - scale generation certificates surrendered by a liable entity under section   95 in respect of a year must not exceed the amount of large - scale generation shortfall charge paid by the liable entity for that year.


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