14Achieving energy savings obligations

14 Achieving energy savings obligations (1) A NERL retailer must achieve the retailer’s energy savings obligation for a compliance period. (2) A tier 1 NERL retailer achieves the retailer’s energy savings obligation for the compliance period if, in the period— (i) undertakes eligible activities that comply with a relevant approved code of practice; or (ii) acquires approved energy savings factors that comply with a relevant approved code of practice; and

Section 15 undertaken and acquired achieve the obligation. (3) A tier 2 NERL retailer achieves the retailer’s energy savings obligation for the compliance period if, in the period— (i) undertakes eligible activities that comply with a relevant approved code of practice; or (ii) acquires approved energy savings factors that comply with a relevant approved code of practice; or (iii) pays an energy savings contribution to the Territory for all or part of the obligation; and undertaken and acquired, and the energy savings contribution achieve the obligation. Note 1 Energy savings contribution—see s 11. Note 2 An energy savings contribution imposed under this Act must be paid to the Territory. (4) However, if a NERL retailer starts an eligible activity in a compliance period before the retailer gives a compliance plan for the compliance period to the administrator under section 17, the eligible activity is taken not to comply with the relevant code of practice.