Commonwealth Consolidated Regulations

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RENEWABLE ENERGY (ELECTRICITY) REGULATIONS 2001 - REG 22ZE

Factor-- G

  (1)   For subregulation   22ZA(1), G is worked out using the following formula:

Start formula start fraction EC start superscript ia end superscript start subscript tfinprev end subscript minus EG start superscript ia end superscript start subscript tfinprev end subscript over EC start superscript ia end superscript start subscript tfinprev end subscript end fraction end formula

where:

"EC" ia tfinprev is:

  (a)   for a site that does not meet the criteria specified in subregulation   22ZD(3) for a new entrant--the amount of electricity (measured in MWh) that is consumed at the site at which the activity occurs in the financial year that ended 6 months before the year to which the application relates; or

  (b)   for a site that meets the criteria specified in subregulation   22ZD(3) for a new entrant--the amount of electricity (measured in MWh) that is reasonably likely to be consumed at the site in the financial year that began 6 months before the year to which the application relates.

"EG" ia tfinprev is:

  (a)   for a site that does not meet the criteria specified in subregulation   22ZD(3) for a new entrant--the sum of the following amounts of electricity (measured in MWh) for the financial year that ended 6 months before the year to which the application relates:

  (i)   the amount of electricity generated and consumed at the site for which there is no relevant acquisition;

  (ii)   the amount of electricity delivered to the site for which no relevant acquisition occurs between the point of generation and the point of use; or

  (b)   for a site that meets the criteria specified in subregulation   22ZD(3) for a new entrant--the sum of the following amounts of electricity (measured in MWh) for the financial year that began 6 months before the year to which the application relates:

  (i)   the amount of electricity that is reasonably likely to be generated and consumed at the site for which there is no relevant acquisition;

  (ii)   the amount of electricity that is reasonably likely to be delivered to the site for which no relevant acquisition occurs between the point of generation and the point of use.

  (2)   For the purposes of working out G using the formula in subregulation   (1), electricity generation from an electricity generator with a nameplate rating of less than 1 MW may be disregarded.


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