50Energy storage system—mixed charging sources

50  Energy storage system—mixed charging sources

 (1) For this section:

 (a) the time period, t, must be the same time period used to calculate the maximum eligible amount in subsection (2); and

 (b) if the demonstrated renewable electricity is greater than the required renewable electricity in subsection (2), the demonstrated renewable electricity is taken to be equal to the required renewable electricity.

 (2) The eligible amount for an energy storage system for the time EAt is worked out as follows:

Start formula EA start subscript t end subscript equals MAXEA start subscript t end subscript times open parentheses start fraction Demonstrated Renewable Electricity start subscript t end subscript over Required Renewable Electricity start subscript t end subscript end fraction close parentheses end formula

MAXEAt is the maximum eligible amount for the time period, t, in megawatt hours, calculated in accordance with section 49.

Demonstrated Renewable Electricityt is the demonstrated amount of renewable electricity for the time period, t, in megawatt hours calculated in accordance with subsection (3).

Required Renewable Electricityt is the total amount of electricity that must be renewable for the time period, t, in megawatt hours, calculated in accordance with subsection (5).

 (3) For subsection (2), the Demonstrated Renewable Electricity for time, t, in megawatt hours, is worked out as follows:

Start formula Demonstrated Renewable Electricity start subscript t end subscript equals Surrendered LGCs start subscript t end subscript plus Retired REGOs start subscript t end subscript plus DSEE start subscript t end subscript end formula

Surrendered LGCst is the amount of electricity in megawatt hours represented by eligible large-scale generation certificates that have been surrendered under section 28A of the REE Act for the purpose of creating REGO certificates for the time period t in accordance with this section.

Retired REGOst is the amount of electricity in megawatt hours represented by REGO certificates that have been retired for the purpose of creating REGO certificates for the time period t in accordance with this section.

DSEEt is the amount of directly supplied eligible electricity, in megawatt hours, that:

 (a) is calculated in accordance with subsection (4); and

 (b) is allocated for the purpose of creating a REGO certificate for time period t, in accordance with this section; and