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Renewable Energy (Electricity) Act 2000
96Value of certificates surrendered
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96 Value of certificates surrendered
(1) The certificate value for a large‑scale generation certificate surrendered under section 95 is equal to the large‑scale generation shortfall charge payable in respect of 1 MWh in the charge year specified under subsection 95(3). (2) The total of the certificate values of large‑scale generation certificates surrendered by a liable entity under section 95 in respect of a year must not exceed the amount of large‑scale generation shortfall charge paid by the liable entity for that year.