20ACompliance with energy savings obligations—tier 2

20A Compliance with energy savings obligations—tier 2 retailer energy savings result and contribution (1) This section applies to a tier 2 retailer that tells the administrator under section 19 (2) (f) that the retailer energy saving obligation will include an energy savings contribution. (2) The administrator must determine the result (a retailer energy savings result) of a NERL retailer’s compliance with the retailer’s energy savings obligation, expressed as a number of megawatt hours of energy. (3) A retailer energy savings result for a NERL retailer must be worked out as follows: (RESO + CFS) – (A + S) undertaken or acquired in the compliance period. RESO means the retailer’s energy savings obligation.

Section 20B page 18 Energy Efficiency (Cost of Living) Improvement Act 2012 (4) The administrator may exclude from the calculation of a retailer energy savings result the energy savings factor for an eligible activity reported by the retailer under section 19 if the administrator is not satisfied that the activity complies with a relevant approved code of (5) If the administrator excludes data from a calculation under subsection (4), the administrator may substitute data that the administrator believes on reasonable grounds is correct. (6) A retailer energy savings result is— (a) if the result is a positive number—a notional shortfall; and (7) The administrator must give a NERL retailer written notice of the retailer’s retailer energy savings result. (8) If the NERL retailer has a surplus, the notice must show the surplus to be carried forward to the next compliance period.