Penalty Rate

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Scheme Participants may elect to meet an obligation they have under the Scheme by surrendering an equivalent number of Energy Savings Certificates or by paying a penalty.

The Scheme Penalty Rate is used to calculate this penalty as per Section 112 of the Electricity Supply Act 1995

Scheme Penalty Rate 2019 calendar year
2020 calendar year
$28.56 per notional megawatt hour
$29.02 per notional megawatt hour

The Base Penalty Rate is used to calculate the Scheme Penalty Rate for the calendar year.  

Base Penalty Rate 2019 calendar year
2020 calendar year
$30.39 per notional megawatt hour
$30.87 per notional megawatt hour

The Base Penalty Rate is adjusted annually for movement in the Consumer Price Index, to comply with clause 30 of the Electricity Supply (General) Regulation 2014.