Reapportionment of 2015 REES targets
- Project Released: 28 Oct 2015
- Project Closes: 28 Oct 2015
- Contact: Richard Webster
Under the Electricity (General) Regulations 2012 and Gas Regulations 2012
(Regulations), the Commission has such functions and powers as are necessary and
expedient to give effect to REES. The exercise of those powers and functions
requires the Commission to have regard to the intent, purpose and integrity of
the scheme as established under the Regulations.
The Regulations provide that the Commission apportion the Minister for
Mineral Resources and Energy’s (Minister’s) overall Retailer Energy Efficiency
Scheme (REES) targets in accordance with requirements specified by the
Current status is Final
Retailers reported data relating to the 2013-14 financial year to the
Commission in January 2015. The Commission issued 2015 REES targets in April
2015. Momentum Energy (Momentum) subsequently notified the Commission of a
significant omission in the data it reported to the Commission which affected
the apportionment of the 2015 Energy Efficiency Targets (targets).
In this instance, having regard to the legal operation of the statutory
regime, the nature and extent of Momentum’s omission and the feedback provided
to it, the Commission has decided that it is appropriate to reapportion 2015
targets for all obliged retailers, so as to give effect to the targets set by
the Minister for 2015.