11Energy savings contribution

11 Energy savings contribution (1) The Minister must determine a contribution (an energy savings contribution) payable by tier 2 NERL retailers for a compliance period in place of the retailer’s requirement to achieve a retailer’s energy savings obligation for the period, expressed as an amount in dollars per megawatt hour of energy. (2) In determining an energy savings contribution, the Minister must take into account— (a) the impact of the contribution on levels of competition in the retail electricity market in the ACT; and (b) the cost of achieving the equivalent energy savings through other means including energy efficiency measures and the purchase of renewable energy.

Targets and important concepts Part 2 Section 12