Review the activities and outcomes of the Energy Savings Scheme for 2010
The energy savings target for 2010 was 1.5% of all liable acquisitions made during the compliance year. This is equivalent to 849,508 megawatt hours (MWh) of energy saved, or 858,004 certificates.
Liable Entities' compliance outcomes
During the 2010 compliance year, there were 29 Liable Entities, which together surrendered 651,655 certificates to meet their individual energy savings target. This represents 76% of the total number of certificates required to meet the combined compliance obligations for the year.
The Act makes provisions to allow Liable Entities who do not have enough certificates to make payments in lieu of surrendering certificates (referred to as a penalty). They may also carry forward an energy savings shortfall of up to 10% of their individual energy savings target to the 2011 compliance year. They are required to make up any shortfall they carry forward in the 2011 compliance year. In the same way, any shortfall carried forward from 2009 is required to be made up as part of 2010 compliance.
16 Liable Entities recorded an energy savings shortfall, including:
- 10, who chose to carry forward some or all of their shortfall to 2011
- 8, who chose to ‘buy out’ all or part of their compliance obligation by paying a penalty – penalties totalled approximately $7.3 million.
NB: Some Liable Entities elected to carry forward some of their shortfall, and pay a penalty for the remainder of their shortfall.
In contrast, approximately 180,000 certificates were owned by Liable Entities and not surrendered to meet compliance obligations. Liable Entities can use these surplus certificates for compliance in future years.
Accredited Certificate Providers' compliance outcomes
In 2010 compliance by Accredited Certificate Providers was generally good, with 14 instances of non-compliance discovered during 2010. Most of these related to the improper creation of certificates, and were relatively minor in nature. Most cases of non-compliance were satisfactorily resolved and, where relevant, the providers agreed to voluntarily forfeit the required number of certificates. However, in one case, the Accredited Certificate Provider, Combined Force, did not accept that a non-compliance event had occurred, and has not yet agreed to forfeit the required certificates. This ACP is restricted from creating further certificates until the matter is resolved.
At the end of 2010, 62 energy savings activities were accredited to create certificates of 2010 vintage, and by 30 June 2011, an additional 11 energy savings activities were accredited to create certificates of 2010 vintage.
During 2010, the Energy Savings Scheme Audit Services Panel undertook a total of 34 audits, including:
- 18 audits of Liable Entities’ annual energy savings statements for the 2010 compliance year (those audits were conducted in the first quarter of 2011)
- 16 audits of projects by Accredited Service Providers (conducted during 2010).
Annual report to the Minister
More detailed information about outcomes for the 2010 compliance year are in the Annual Report to the Minister.
Annual Report to the Minister 2010502.63KB PDF FileIPART is required to submit a report on compliance by all participants (both Liable Entities and Accredited Certificate Providers) by no later than 31 July in each year. This is the second compliance report, covering the 2010 calendar year.