Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) The maximum number of renewable energy certificates that may be counted by a benchmark participant towards the participant's greenhouse gas benchmark in a year is the number worked out in accordance with this section.
(2) For a benchmark participant that is a market customer (other than a retail supplier), the total number of certificates is worked out by multiplying the total amount in megawatt hours (MWh) of the participant's relevant acquisitions of electricity purchased for use in the ACT in the year concerned by the renewable power percentage for the year and rounding the result to the nearest MWh.
(3) For a benchmark participant that is a retail supplier, the total number of certificates is worked out by—
(a) multiplying the total amount in MWh of the participant's relevant acquisitions of electricity bought for use in the ACT in the year concerned by the renewable power percentage for the year and rounding the result to the nearest MWh; and
(b) subtracting from that amount the number of certificates mentioned in section 14 (2) applying to the year.
(4) For an elective participant, the total number of certificates is worked out by—
(a) if electricity is bought at a connection point located in a distribution network—multiplying the total amount in MWh of electricity purchases related to the electricity load covered by the election in the year concerned by the renewable power percentage for the year and by the distribution loss factor applying to the connection point and rounding the result to the nearest MWh; or
(b) if electricity is not purchased in a way mentioned in paragraph (a)—multiplying the total amount in MWh of electricity purchases related to the electricity load covered by the election in the year concerned by the renewable power percentage for the year and rounding the result to the nearest MWh.
(5) In this section:
"connection point" has the same meaning as it has in the national electricity code.
"distribution loss factor" has the same meaning it has in the national electricity code.
"distribution network" has the same meaning as it has in the national electricity code.
"relevant acquisition" has the same meaning as it has in the Renewable Energy (Electricity) Act 2000 (Cwlth).
"renewable power percentage" has the same meaning as it has in the Renewable Energy (Electricity) Act 2000 (Cwlth).
Division 2.4 Assessment of compliance with greenhouse gas benchmarks