The Retailer Energy Efficiency Scheme (REES) is implemented through Part 4 of
(General) Regulations 2012 under the Electricity
Act 1996 and Part 4 of the Gas Regulations 2012 under the Gas Act
On 6 November 2014, the Electricity (General) Variation Regulations 2014 and Gas
Variation Regulations 2014 were gazetted. These regulatory amendments
establish the scheme arrangements that apply from 1 January 2015.
The Regulations set out:
- the method for determining whether an energy retailer has obligations under
REES in a year;
- that there are three targets under REES (set by the Minister):
- an energy efficiency target;
- a priority group energy efficiency target; and
- an energy audit target.
- the rules relating to meeting annual targets by obliged retailers;
- how the Minister will determine the energy efficiency activities that can be
undertaken in REES;
- the Commission as the administrator of the REES, responsible for:
- determining the annual targets for energy retailers;
- compliance activities; and
- publishing an industry code (REES
Code) setting out the administrative rules of the REES.
- the penalty regime to apply to obliged retailers (where annual targets are
The Minister for Mineral Resources and Energy sets the annual targets to be
achieved through the REES. These are then apportioned to each obliged energy
retailer by the Commission.