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The renewable power percentage

29 March 2017
RET

The 2017 renewable power percentage is 14.22%. 

This means liable entities (generally electricity retailers) will be required to surrender to us approximately 26 million large-scale generation certificates to meet their Renewable Energy Target obligations in 2017.​

About the renewable power perc​entage

Under the Large-scale Renewable Energy Target, liable entities must source large-scale generation certificates to meet their renewable energy obligations. 

The number of certificates each liable entity needs to source and then surrender to us each year is in proportion to the amount of electricity they acquire. Liable entities calculate the exact number of certificates they need to surrender each year by multiplying the amount of electricity they acquire (minus any exemption certificates) by the renewable power percentage. 

The percentage for a year is set in regulation by 31 March of that year.

Calculating the renewable power percentage

Each year the Minister for the Environment and Energy must consider a number of matters when setting the percentage:

  • the renewable electricity required for the year (as set by legislation)
  • the estimated amount of electricity that will be acquired during the year
  • an adjustment to account for the difference between the estimated amount of electricity used in the previous years and the actual amounts of electricity used
  • the expected exemptions* to be claimed for the year.

* Since June 2015, Emissions-Intensive Trade-Exposed (EITE) activities have had full exemption from Renewable Energy Target obligations, compared with partial exemptions in earlier years. Full EITE exemptions have been included in the percentage calculations since 2016. ​

Annual targets and the renewable power percentage

The surrendered certificates enable the annual targets to be met, and contribute to reaching the 2020 target of 33 000 gigawatt hours of renewable electricity, as set under section 40 of the Renewable Energy (Electricity) Act 2000.  The annual target in 2017 is 26 031 gigawatt hours or 23.031 million certificates.

All Large-scale Renewable Energy Targets from 2001 to 2030, and the renewable power percentages to 2017, are available in the table below.  

Large-scale Renewable Energy Target 2001 - 2030: Annual targets and renewable power percentages

The following table provides the targets under the Large-scale Renewable Energy Target in gigawatt hours (GWh) as reflected in the legislation at the specified date.

It also provides the renewable power percentages (and the default percentages) for the current Large-scale Renewable Energy Targets.

Notes about this publication

  • The annual targets shown in this publication are those legislated under the Large-scale Renewable Energy Target (LRET). The table shows the changes in the targets from 2001 to today due to the described legislative changes. The last two columns show the current annual targets under the LRET and the renewable power percentage for each year.
  • Legislated targets 2001: The legislated targets are as at 1 January 2011. The legislation first commenced with a renewable energy target from 2001 to 2020. Section 40 of the Renewable Energy (Electricity) Act 2000 (Act) No. 174 2000 - C2004A00767 has since been amended.
  • Legislated targets 2010: The legislated targets are as at 1 February 2010.The legislation was amended to increase the renewable energy target and extend the life of the scheme to 2030. Section 40 of the Act No. 78 2009 - C2009C00435 has since been amended.
  • Legislated targets 2011: The legislated targets are as at 1 January 2011.The legislation was amended to represent two targets the Large-scale Renewable Energy Target and the Small-scale Renewable Energy Scheme. Section 40 of the Act number 69 2010 - C2010C00469.
  • Large-scale generation certificate adjustment to targets: The adjusted target accounts for the number of valid certificates that exceeded 34,500 GWh at the end of 2010 (paragraphs 40(1A)(a) and (b) of the Act).
  • Waste coal mine gas adjustment to targets: The adjusted target accounts for the commencement of waste coal mine gas as an eligible renewable energy source (subsections 40(2) – (5) of the Act).
  • Current Large-scale renewable energy target: The legislation was amended during 2015 when the LRET was reduced from 41,000 to 33,000 GWh and 100 per cent exemption was provided to companies conducting emission-intensive trade-exposed activities and eligibility from wood waste was reintroduced. Section 40 of the Renewable Energy (Electricity) Act 2000 number 90 2015 - C2015C00313.
  • Renewable power percentage and default percentage (unused): The default percentage provides a guide for future renewable power percentages and automatically comes into force if a percentage is not regulated by 31 March in a year. To-date the default has not been used. The renewable power percentage and the default percentage are specified by 31 March in each year.​
​Data as at 24 March 2017.​

Downloadable data

documentAsset:LRET 2001-2030 Annual targets and renewable power percentages

  
  
  
  
  
  
  
  
  
  
2021-2030
N/A
45,000
41,000
N/A
N/A
41,000
33,000
N/A
N/A
2020
9,500
45,850
41,000
N/A
850
41,850
33,850
N/A
N/A
2019
9,500
41,250
36,400
-2,019
850
35,231
31,244
N/A
N/A
2018
9,500
36,650
31,800
-2,019
850
30,631
28,637
N/A
15.64
2017
9,500
27,050
27,200
-2,019
850
26,031
26,031
14.22
15.49
2016
9,500
27,450
22,600
-2,019
850
21,431
21,431
12.75
12.63
2015
9,500
22,850
18,000
N/A
850
18,850
18,850
11.11
10.98
2014
9,500
20,950
16,100
N/A
850
16,950
16,950
9.87
9.46
2013
9,500
19,050
14,200
4,038
850
19,088
19,088
10.65
10.42
2012
9,500
17,150
12,300
4,038
425
16,763
16,763
9.15
9.06
2011
9,500
14,825
10,400
N/A
N/A
10,400
10,400
5.62
4.98
2010
9,500
12,500
12,500
N/A
N/A
12,500
12,500
5.98
5.62
2009
8,100
8,100
8,100
N/A
N/A
8,100
8,100
3.64
3.74
2008
6,800
6,800
6,800
N/A
N/A
6,800
6,800
3.14
3.28
2007
5,600
5,600
5,600
N/A
N/A
5,600
5,600
2.70
2.70
2006
4,500
4,500
4,500
N/A
N/A
4,500
4,500
2.17
2.17
2005
3,400
3,400
3,400
N/A
N/A
3,400
3,400
1.64
1.63
2004
2,600
2,600
2,600
N/A
N/A
2,600
2,600
1.25
1.27
2003
1,800
1,800
1,800
N/A
N/A
1,800
1,800
0.88
1.01
2002
1,100
1,100
1,100
N/A
N/A
1,100
1,100
0.62
0.88
2001
300
300
300
N/A
N/A
300
300
0.24
N/A

Amending the renewable energy power percentage regulations

The Renewable Energy (Electricity) Regulations 2001 can be amended up to 31 March each year to set the renew​able power percentage. The Clean Energy Regulator publishes the percentage when the amendment is made. 

If the amendment is not made by 31 March, a default formula will apply for that year, as stated in the Renewable Energy (Electricity) Act 2000. For more information about the default formula refer to section 39 (2) (b) of the Renewable Energy (Electricity) Act 2000.

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