Australian Capital Territory Numbered Acts

CONSTRUCTION AND ENERGY EFFICIENCY LEGISLATION AMENDMENT ACT 2014 (NO. 2 OF 2014) - SECT 37

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20A     Compliance with energy savings obligations—tier 2 retailer energy savings result and contribution

    (1)     This section applies to a tier 2 retailer that tells the administrator under section 19 (1) (f) that the retailer energy saving obligation will include an energy savings contribution.

    (2)     The administrator must determine the result (a retailer energy savings result ) of a NERL retailer's compliance with the retailer's energy savings obligation, expressed as a number of tonnes of carbon dioxide equivalent greenhouse gas emissions.

    (3)     A retailer energy savings result for a NERL retailer must be worked out as follows:

(RESO + CFS) – (A + S)

"A" means the total abatement factors for eligible activities undertaken or acquired in the compliance period.

"CFS" means the carried forward shortfall.

"RESO" means the retailer's energy savings obligation.

"S" means the carried forward surplus.

    (4)     A retailer energy savings result is—

        (a)     if the result is a positive number—a notional shortfall; and

        (b)     if the result is a negative number—a surplus.

    (5)     The administrator must give a NERL retailer written notice of the retailer's retailer energy savings result.

    (6)     If the NERL retailer has a surplus, the notice must show the surplus to be carried forward to the next compliance period.

20B     Compliance with energy savings obligations—tier 2 retailer contribution for shortfall

    (1)     This section applies if a tier 2 NERL retailer's retailer energy savings result is a notional shortfall.

    (2)     The administrator's notice under section 20A (5) must give the retailer the following information:

        (a)     the notional shortfall;

        (b)     the maximum percentage of the retailer's retailer energy savings result that the retailer may carry forward to the next compliance period being the following:

              (i)     for a shortfall in the compliance period 1 January 2013 to 31 December 2013—10%;

              (ii)     for a shortfall in the compliance period 1 January 2014 to 31 December 2014—10%;

              (iii)     for a shortfall in the compliance period 1 January 2015 to 31 December 2015—nil;

        (c)     the amount of energy savings contribution the retailer told the administrator would be paid to meet the retailer's energy savings obligation;

        (d)     the amount of energy savings contribution that the retailer must pay to—

              (i)     have no shortfall; or

              (ii)     if the notional shortfall exceeds the amount that the retailer may carry forward to the next compliance period—carry forward the maximum shortfall that may be carried forward (the minimum payment );

        (e)     if the retailer does not pay the energy savings contribution—the shortfall penalty payable by the retailer.

    (3)     Not later than 10 working days after receiving a notice under section 20A (5), the NERL retailer must give the administrator written notice of—

        (a)     the percentage of the retailer's retailer energy savings result that the retailer elects to carry forward to the next compliance period; and

        (b)     the amount of energy savings contribution that the retailer will pay; and

        (c)     acknowledgement that a shortfall penalty is payable for any shortfall not paid for by the energy savings contribution.

    (4)     Not later than 10 working days after receiving a notice mentioned in subsection (3), the administrator must give the NERL retailer written notice of—

        (a)     the amount of the retailer's retailer energy savings result to be carried forward to the next compliance period; and

        (b)     the amount of the energy savings contribution payment; and

        (c)     the method of payment; and

        (d)     the period, of at least 28 days, within which the payment must be made; and

Note     A payment invoice issued to a tier 2 retailer for an energy savings contribution may form part of the written notice.

        (e)     the shortfall penalty payable by the retailer if the retailer does not pay the energy savings contribution.

20C     Compliance with energy savings obligations—tier 2 retailer failure to pay energy saving contribution

    (1)     This section applies if a tier 2 NERL retailer fails to pay the retailer's energy savings contribution within the period stated in the notice to the retailer under section 20B (4) (d).

    (2)     For section 22 (Penalties for noncompliance), the NERL retailer's energy saving contribution is taken to be 0.