Document ID: chunk:federal_register_of_legislation:C2024A00121:section:68
Version: federal_register_of_legislation:C2024A00121
Segment Type: section
Provision Reference: s 68
Character Range: 86151–88595

68  Simplified outline of this Part

      This Part establishes a scheme for certifying renewable electricity.
      A registered person may apply to the Regulator to register a renewable electricity facility. Such a facility may be an electricity generation system, an energy storage system, or an aggregated system.
      A renewable electricity facility is made up of components. The Regulator must not register a facility unless satisfied that, among other things, the facility is made up of the components included in the application.
      If the Regulator registers a renewable electricity facility, the registered person who applied for its registration becomes known as the eligible registered person for the facility.
      The eligible registered person for a facility may create certificates, known as REGO certificates, in respect of the eligible amount of electricity for the facility and a time period. The eligible amount is calculated by applying a formula or method prescribed by the rules to the amount of electricity generated or dispatched by the facility in the time period. The time period may be an hour or another time period prescribed by the rules. The number of certificates that may be created is the number of whole megawatt hours included in the eligible amount.
      In certain circumstances, the eligible registered person for a facility may create REGO certificates in respect of the residual amount for the facility and a calendar month. Generally speaking, the residual amount consists of amounts of electricity for which REGO certificates cannot be created because they are not whole megawatt hours.
      The eligible registered person for a facility who creates REGO certificates in respect of the facility may apply to the Regulator to register the certificates on the GO Register. If the Regulator registers the certificates, the eligible registered person becomes the registered owner of the certificates.
      A REGO certificate may be transferred from its registered owner to another registered person or retired.
      The Regulator may correct a REGO certificate.
      There are civil penalties for improper creation of REGO certificates.
      This Part also contains provisions about how the Renewable Energy (Electricity) Act 2000 relates to this scheme. This includes provisions dealing with baselines and the double‑counting of amounts of renewable electricity.

Division 2—Key concepts