New South Wales Consolidated Acts

ELECTRICITY SUPPLY ACT 1995 - SECT 97BD

97BD Principles for determining compliance with greenhouse gas benchmarks

(1) General principle The compliance of a benchmark participant with the participant's greenhouse gas benchmark in any compliance period is determined by subtracting the participant's greenhouse gas benchmark from the number of tonnes of carbon dioxide equivalent of greenhouse gas emissions in that compliance period for which the participant is responsible.

(2) Number of tonnes of emissions for which participant responsible The number of tonnes of carbon dioxide equivalent of greenhouse gas emissions in that compliance period for which a benchmark participant is responsible is determined--

(a) by multiplying the total number of megawatt hours of electricity supplied or purchased by the participant in that compliance period by the NSW pool coefficient for greenhouse gas emissions arising out of that electricity for that compliance period, and

(b) by subtracting from that number the number of tonnes of carbon dioxide equivalent of greenhouse gas emissions abated by the participant in that compliance period.

Note : The methodology provided by the greenhouse gas benchmark rules for determining electricity supplied or purchased by a benchmark participant may take into account electricity lost in transmission or distribution (see section 97K (1) (c)).

(3) Number of tonnes of emissions abated by participant The number of tonnes of carbon dioxide equivalent of greenhouse gas emissions abated by a benchmark participant in a compliance period is the total number of tonnes attributable to any abatement certificates surrendered by the participant for that compliance period and any renewable energy certificates of the participant counted for that compliance period for the purposes of compliance with the participant's greenhouse gas benchmark.

(4) If the result obtained under subsection (1) is more than zero (a
"greenhouse shortfall" ), the benchmark participant has failed to comply with the participant's greenhouse gas benchmark.

(5) If the result obtained under subsection (1) is zero or less than zero, the benchmark participant has complied with the participant's greenhouse gas benchmark.

(6) In determining the total megawatt hours of electricity supplied by a retailer or an electricity generator in each compliance period for the purposes of subsection (2), electricity supplied by the retailer or generator to another benchmark participant is not to be taken into account.

Note : The methodology for applying the principles in this section is set out in the greenhouse gas benchmark rules.