96Creation of certificates representing different amounts of renewable electricity

96  Creation of certificates representing different amounts of renewable electricity

 (1) This section applies if the rules provide that a REGO certificate may represent a specified unit of renewable electricity (instead of 1 megawatt hour).

Certificates created in respect of eligible amounts

 (2) If REGO certificates are created in respect of the eligible amount of electricity for a facility and a time period, then despite subsection 91(3) and paragraph 94(1)(i):

 (a) one certificate may be created for each whole specified unit (instead of each whole megawatt hour) included in the eligible amount; and

 (b) each of the certificates so created must state that it represents the specified unit of renewable electricity.

Certificates created in respect of residual amounts

 (3) If REGO certificates are created in respect of the residual amount for a facility and a calendar month, then:

 (a) despite subsection 92(2) and paragraph 94(1)(i):

 (i) one certificate may be created for each whole specified unit (instead of each whole megawatt hour) included in the residual amount; and

 (ii) each of the certificates so created must state that it represents the specified unit of renewable electricity; and

 (b) subsection 92(5) has effect, for the purposes of working out the residual amount, as if paragraph (b) of the definition of residual fraction in that subsection referred to whole specified units instead of whole megawatt hours.