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States ponder big regional market for green energy certificate trade
1 March 2007
Talks are underway between the governments of Victoria and New South Wales with a view to operating a single mandatory renewable energy target program across the two states. Under the current Victorian Renewable Energy Target (VRET), electricity retailers must buy 10% of their energy from renewable sources by 2016. The New South Wales target, NRET, is 10% end use by 2010 and 15% by 2020. Tasmania could also join the initiative, says developer Roaring 40s. Its 75 MW Studland Bay Wind Farm in north-west Tasmania has just started generating power. Roaring 40s is keen to revisit discussions it had last year with Tasmania's energy minister, David Llewellyn, and Victoria's then energy minister, Theo Theophanous, about Tasmania participating in VRET. The company's Josh Bradshaw says it hopes to start talks with Victoria's new energy minister, Peter Batchelor. A market for trade of green energy credits across three states would be a major benefit, says Dominique la Fontaine of the Australian wind energy association.
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