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Results of first year of Australian green certificate market
1 April 2002
The final report outlining the results of the first year of Australia's green certificate market under national renewable energy legislation is due in late April. Last month the Office of the Renewable Energy Regulator (ORER) was still processing data relating to the first compliance period, which ended on February 14, 2002, and was yet to determine the information that would be included in its final report. While the report is expected to identify whether all of the "liable entities" met their obligations to supply a fixed proportion of renewables sourced electricity under the Mandatory Renewable Energy Target, ORER says it will be seeking legal advice before releasing any information to the public. These entities had to present green certificates representing 0.24% of the total wholesale electricity purchased by February 14 (Windpower Monthly, March 2002).
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