2015 small-scale technology percentage and renewable power percentage set
The Clean Energy Regulator has now published the small-scale technology percentage and the renewable power percentage for 2015.
The small-scale technology percentage, commonly referred to as the STP, is used to regulate demand for small-scale technology certificates each year by determining the proportion of electricity Renewable Energy Target liable entities are liable for, and how many small-scale technology certificates are required to surrender to acquit its liability under the Small-scale Renewable Energy Scheme each quarter. If a liable entity does not surrender enough certificates to meet its liability, it may be subject to a small-scale technology shortfall charge.
The renewable power percentage, commonly referred to as the RPP, establishes the rate of liability under the Large-scale Renewable Energy Target.
Unlike the small-scale technology percentage, the renewable power percentage is a predetermined annual target to achieve the Large-scale Renewable Energy Target of 41,000 gigawatt hours by 2020.
Each year liable entities must acquit its Large-scale Renewable Energy Target liability through the purchase and surrender of Large-scale Generation Certificates (LGCs). If a liable entity does not meet its liability, it may be subject to a large-scale generation shortfall charge.
The amount of large-scale generation certificates a liable entity is required to surrender each year is proportionate to its liable electricity purchases. The required surrender amount is determined by multiplying the renewable power percentage by a liable entity’s liable electricity purchases minus any partial exemption certificates, each year.
The small-scale technology percentage and the renewable power percentage for 2015 will be as follows:
- - The 2015 small-scale technology percentage (STP) is 11.71%.
- - The 2015 renewable power percentage (RPP) is 11.11%
- - The non-binding small-scale technology percentage for 2016 is 9.98% and for 2017 is 9.86%.
The 2016 and 2017 non-binding small-scale technology percentage estimates are based on the modelling prepared for the 2015 STP and do not include any possible surplus or deficit in small-scale technology certificates for 2015. The Clean Energy Regulator (CER) will take into account any actual surplus or deficit from 2015 when preparing the 2016 STP.