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The renewable power percentage

30 November 2016
RET

 

The 2016 renewable power percentage (RPP) is 12.75%. 

This equates to approximately 21.43 million large-scale generation certificates, as a proportion of total estimated electricity consumption in 2016.

About the renewable power percentage

The renewable power percentage 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 set under section 40 of the Renewable Energy (Electricity) Act 2000 to achieve the Large-scale Renewable Energy Target of 33 000 gigawatt hours by 2020.

Each year liable entities must acquit Large-scale Renewable Energy Target liability through the purchase and surrender of large-scale generation certificates. If a liable entity does not meet its obligations, 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 in proportion to the amount of electricity acquired during the year. The required surrender amount is determined by multiplying the renewable power percentage by a liable entity’s liable electricity purchases minus any exemption certificates each year.

Calculating the renewable power percentage

The percentage takes into account:

  • renewable electricity required for the year
  • electricity that will be acquired during the year
  • over or under supply of renewable electricity under the scheme in previous years, and
  • all exemptions expected to be claimed for the year

In June 2015 the Renewable Energy (Electricity) Act 2000 was amended to allow for full exemption from liability for Emissions​-Intensive Trade-Exposed (EITE) activities. As a result, the Clean Energy Regulator amended the partial exemptions certificates already issued for 2015 to full exemption certificates. 

The full impact of increases in 2015 exemptions due to the move from partial to full exemption has been taken into account in the ​calculation of the 2016 RPP and STP.​

Publishing the renewable energy power percentage

The Clean Energy Regulator publishes the renewable power percentage by 31 March each year. 

If the renewable power percentage is not published by 31 March, a default formula will apply as stated under the Renewable Energy (Electricity) Act 2000. For more information about the default formula refer to section 39 (2) (b) of the Act.​​

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