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Progress toward the Large-scale Renewable Energy Target

Context

This chapter provides information and data to support the 2015 Annual statement. The Annual statement excludes consideration of the Small-scale Renewable Energy Scheme.

Introduction

As explained on the Renewable power stations page, the Large-scale Renewable Energy Target creates an incentive for new generation of renewable electricity.

Voluntary schemes such as GreenPower, desalination offsets and the ACT Government's renewable electricity consumption target create demand for large-scale generation certificates beyond the legislated target of 33 million megawatt hours. We estimate that accredited power stations will need to generate approximately 37 million megawatt hours of renewable electricity in 2020 to satisfy the total demand (legislated and voluntary) for certificates (see Graph 9).23

The target of 33 million megawatt hours24 will be met when 33 million large-scale generation certificates are surrendered in addition to any large-scale generation certificates that are voluntarily surrendered in that year.

Footnotes

23 Estimate includes assumptions about demand for GreenPower, voluntary surrender and enforceable undertakings. Refer to Appendix D for more detail.

24 Comprising the 33 million megawatt hour target plus the 850 gigawatt hour target for waste coal mine gas fired generation.

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