Document ID: chunk:federal_register_of_legislation:C2024A00121:section:92
Version: federal_register_of_legislation:C2024A00121
Segment Type: section
Provision Reference: s 92
Character Range: 116106–118589

92  Creation of certificates in respect of residual amounts
 (1) The eligible registered person for a registered renewable electricity facility may create certificates in respect of the residual amount for the facility and a calendar month in a calendar year if the eligible registered person:
 (a) has created certificates in respect of the eligible amount of electricity for the facility and an hour that falls within the calendar year; and
 (b) has not created certificates in respect of the eligible amount of electricity for the facility and a time period that:
 (i) is of a kind prescribed by the rules for the purposes of paragraph 91(2)(b); and
 (ii) falls within the calendar year.
 (2) One certificate may be created for each whole megawatt hour included in the residual amount.
Example: If the residual amount for a facility for April 2026 is 18.7MWh, 18 certificates may be created in respect of that month.
 (3) An amount of electricity that is equal to the difference between:
 (a) the residual amount; and
 (b) the number of whole megawatt hours included in the residual amount;
may be added to the residual amount for the facility and the next calendar month (unless the next calendar month is a January).
Example: If the residual amount for a facility for April 2026 is 18.7MWh, 0.7MWh may be added to the residual amount for the facility for May 2026.
 (4) The residual amount, for a facility and a calendar month, is the amount of electricity that is equal to the sum of:
 (a) the residual fractions for the facility and each hour that falls within the month; and
 (b) the amount (if any) added to the residual amount for the facility and the month in accordance with subsection (3).
Example: The residual amount for a facility and the month of April 2026 is the sum of 720 residual fractions: 1 residual fraction for each hour in that month.
 (5) The residual fraction, for a facility and an hour, is the amount of electricity that is equal to the difference between:
 (a) the eligible amount of electricity for the facility and the hour; and
 (b) the number of whole megawatt hours included in that eligible amount.
Example: If the eligible amount of electricity for a facility and the hour between 2 pm and 3 pm on 1 September 2025 is 4.7MWh, the residual fraction for the facility and that hour is 0.7MWh.
Note: The number referred to in paragraph (b) may be zero.
 (6) This section has effect subject to Subdivision B (restrictions on certificate creation).