Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) A renewable energy certificate may be counted towards the greenhouse gas benchmark, or to abate a greenhouse gas shortfall, for a year by a benchmark participant (other than an elective participant) if the following are satisfied:
(a) the certificate has been surrendered by the participant under the Renewable Energy (Electricity) Act 2000 (Cwlth) or the regulator is satisfied that an offer to surrender the certificate has been made under that Act for the year;
(b) the participant's greenhouse gas benchmark statement states the number of renewable energy certificates surrendered or proposed to be surrendered under that Act for the year;
(c) the costs of, or associated with, the certificate have not been paid to the participant by an elective participant or otherwise passed on by the participant to an elective participant.
(2) A renewable energy certificate may be counted towards the greenhouse gas benchmark, or to abate a greenhouse gas shortfall, for a year by an elective participant if the following are satisfied:
(a) the certificate has been surrendered by another benchmark participant under the Renewable Energy (Electricity) Act 2000 (Cwlth) or the regulator is satisfied that an offer to surrender the certificate has been made under that Act for the year;
(b) the elective participant's greenhouse gas benchmark statement states the number of renewable energy certificates proposed to be counted for the year;
(c) the costs of, or associated with, the certificate have been paid by the elective participant to another benchmark participant or have been otherwise passed on to the elective participant by another benchmark participant;
(d) evidence satisfactory to the regulator of the matters mentioned in paragraph (c) has been provided to the regulator with the elective participant's greenhouse gas benchmark statement.