21—Energy productivity activities—subtargets
(1) A retailer must,
subject to subregulation (2), undertake energy productivity activities
sufficient to achieve each primary subtarget and secondary subtarget applying
to the retailer for a year (as adjusted to take into account any shortfall
added under subregulation (3)).
(2) A retailer will be
taken not to have failed to achieve a primary subtarget or secondary subtarget
applying to the retailer for a year if the retailer undertakes energy
productivity activities in the year sufficient to achieve at least 90% of
the primary subtarget or secondary subtarget (as the case requires).
(3) Despite
subregulation (2)—
(a) if a
retailer fails to achieve a primary subtarget in a year, the Commission must
ensure that the energy productivity shortfall is added—
(i)
if an equivalent primary subtarget applies to the
retailer in the subsequent year—to that primary subtarget; or
(ii)
in any other case—to the EPT that applies to the
retailer in a subsequent year; and
(b) if a
retailer fails to achieve a secondary subtarget in a year, the Commission must
ensure that the energy productivity shortfall is added—
(i)
if an equivalent secondary subtarget applies to the
retailer in the subsequent year—to that secondary subtarget; or
(ii)
in any other case—to the EPT that applies to the
retailer in a subsequent year.
(a) a
retailer undertakes energy productivity activities in a year sufficient to
achieve at least 90% of a primary subtarget or secondary subtarget for
that year but does not achieve the primary subtarget or secondary subtarget
(as the case requires); and
(b) in
the subsequent calendar year this Part no longer applies to the retailer as a
result of the operation of regulation 16(1),
the retailer must undertake energy productivity activities in the subsequent
year to account for its energy productivity shortfall (for the relevant
primary subtarget or secondary subtarget) from the previous year.
(a) a
retailer fails to achieve a primary subtarget or secondary subtarget that
applies to the retailer for a year; and
(b) the
retailer—
(i)
pays a shortfall penalty in accordance with the
requirements of section 91A of the Act with respect to that failure; or
(ii)
is subject to a penalty on account of a prosecution in
respect of that failure,
the energy productivity shortfall to which the shortfall penalty or
prosecution relates will no longer apply to the retailer.
(6) In this
regulation—
"energy productivity shortfall" means—
(a) in
the case of a failure by a retailer to achieve a primary subtarget applying to
the retailer in a year—the difference between the primary subtarget and
the amount of normalised gigajoules actually achieved by that retailer in that
year by undertaking energy productivity activities to achieve that
primary subtarget; or
(b) in
the case of a failure by a retailer to achieve a secondary subtarget applying
to the retailer in a year—the difference between the secondary subtarget
and the amount of normalised gigajoules actually achieved by that retailer in
that year by undertaking energy productivity activities to achieve that
secondary subtarget.