Document ID: chunk:federal_register_of_legislation:F2025L00275:reg:5
Version: federal_register_of_legislation:F2025L00275
Segment Type: reg
Provision Reference: reg 5
Character Range: 3050–3854

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the Accelerated Connections Fund Program (the program) is prescribed.
 (2) The program provides a closed non-competitive grant to AEMO, in partnership with TNSPs, to expedite the grid connection process for new critical renewable generation and clean storage projects in the NEM.
(3) The objective of the program is to expedite the connection process for new critical renewable generation and clean storage projects in the NEM. The program's intended outcomes are to enhance reliability in the NEM, reduce wholesale energy prices, and contribute to emissions reduction and the decarbonisation of the electricity generation sectors by contributing toward the Government's target of 82% renewable electricity in the NEM by 2030.