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Victorian Renewable Energy Act 2006
62Civil penalty for shortfall
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62 Civil penalty for shortfall
S. 62(1) amended by No. 41/2021 s. 79.
(1) A relevant entity that has a renewable energy certificate shortfall for a year is liable to pay to the Essential Services Commission Enforcement Fund a pecuniary penalty (renewable energy shortfall penalty) determined in accordance with this section.
(2) The renewable energy shortfall penalty payable by a relevant entity for a year is determined by multiplying the relevant entity's renewable energy certificate shortfall (in MWh) for that year by the shortfall penalty rate for that year.