Deliverables achieved

• Administration of market based schemes that contribute to a reduction in greenhouse gas emissions, including the Emissions Reduction Fund from 1 July 2014.
• Administration of the National Greenhouse and Energy Reporting Scheme to:
  • inform government policy formulation and the Australian public
  • underpin Australia's international reporting obligations
  • assist Commonwealth, state and territory government programmes and activities, and
  • reduce the need for duplication of similar reporting requirements by the states and territories.
• Operation of the Renewable Energy Target by:
  • ensuring the integrity of renewable energy certificate market supply (certificates created)
  • ensuring the integrity of renewable energy certificate market demand (certificates surrendered), and
  • maintaining the registry that facilitates administration of renewable energy certificates by market participants.
• Maintenance of the electronic register for emissions units that:
  • enables Australia to meet its commitment under the Kyoto Protocol
  • allows for the issuance and management of Australian carbon credit units through approved projects that reduce net greenhouse gas emissions, and
  • allows for the management of carbon tax liabilities and issues of units for industry assistance.

Results:
The Clean Energy Regulator achieved its deliverables this year, as reported in detail in Section 3: Performance overview from page 28.

KPI achieved

Increased issuance of Australian carbon credit units (ACCUs) for projects that reduce greenhouse gas emissions.

Result:

• 9.32 million ACCUs issued under the Carbon Farming Initiative/ Emissions Reduction Fund in 2014–15 compared with 4.38 million ACCUs issued under the Carbon Farming Initiative in 2013–14.

See details on page 37

KPI partially achieved

Additional generation of electricity from renewable sources consistent with annual legislated demand under the Renewable Energy Target.

Note: only large-scale generation certificates are subject to a legislated target, which was 16.95 million gigawatt hours in 2014 and 18.85 million gigawatt hours in 2015.

The Large-scale Renewable Energy Target experienced a slow-down in investment in 2015 due to ongoing policy uncertainty. As a result, limited new capacity was accredited by the Clean Energy Regulator in 2015.

Results:

• 13.75 million large-scale generation certificates, representing 13.75 million megawatt hours of additional electricity generated by renewable energy power stations.
• 18.11 million small-sale technology certificates, raising the capacity of small-scale installations to generate or displace to around 8.2 million megawatt hours of electricity each year.
• Combined total of 31.87 million renewable energy certificates created.
• 21.95 million megawatt hours of additional electricity generated from renewable sources.

See details on pages 54 – 65

KPI achieved

Participants in our schemes achieve over 95% compliance with obligations.

Results:

• 99.9% of all reporters met their obligations under the National Emissions and Energy Reporting Scheme.
• 99.5% of liable entities acquitted their carbon price liability for 2013–14 on time.
• 99.9% of liable entities complied with their obligations under the Renewable Energy Target.

See details from on pages 53, 41 and 60

KPI achieved

Clients are satisfied with the service, and respect the decisions, of the Clean Energy Regulator.

Results:

• 80% of clients surveyed agreed or strongly agreed that the Clean Energy Regulator is doing a good job.
• 59% of clients surveyed agreed or strongly agreed that the Clean Energy Regulator is transparent and fair in its decision making.

See details on page 81

KPI achieved

Electronic registry of emissions units is available for public access for 99% of time (excluding scheduled outages)

Result:

• 99.99% availability of the electronic registry of emissions units.

See details on page 68

KPI achieved

Data publication and information sharing that is relevant, accurate and timely and meets user needs.

Result:

• 100% of required data was published by relevant deadlines.

See details on page 47