Reports
This page contains the reports which were required to be delivered by the Office of the Renewable Energy Regulator under the Renewable Energy (Electricity) Act 2000.
On 2 April 2012, the Clean Energy Regulator assumed all responsibility for the administration of the Renewable Energy Target, including delivery of all relevant reporting. Please see the Clean Energy Regulator website for reports delivered after 2 April, 2012.
Please note that these reports are therefore provided as-is, and are to be used for historical and archival purposes only.
The Clean Energy Regulator administers the Renewable Energy (Electricity) Act 2000 (the Act) which establishes the Government’s Large-scale Renewable Energy Target and Small-scale Renewable Energy Scheme.
Section 105 of the Act requires that the Renewable Energy Regulator must give the Minister a report on the working of the Act during the calendar year for presentation to the Parliament.
2011
The 2011 Office of the Renewable Energy Regulator Annual Report details the administration of the Renewable Energy Target (RET) for the 2011 calendar year.
Download:
Annual Report 2011 (PDF - 2,058 KB)
2010
The 2010 Office of the Renewable Energy Regulator Annual Report details the administration of the Renewable Energy Target (RET) for the 2010 calendar year.
Download:
Annual Report 2010 (PDF - 1874 KB)
2009
The 2009 Office of the Renewable Energy Regulator Annual Report details the administration of the Renewable Energy Target (RET) for the 2009 calendar year.
Download:
Annual Report 2009 (PDF - 1443 KB)
2008
The 2008 Office of the Renewable Energy Regulator Annual Report details the administration of the Mandatory Renewable Energy Target (MRET) for the 2008 calendar year.
Download:
Annual Report 2008 (PDF - 1826 KB)
2007
The 2007 Office of the Renewable Energy Regulator Annual Report details the administration of the Mandatory Renewable Energy Target (MRET) for the 2007 calendar year.
Download:
Annual Report 2007 (PDF - 1681 KB)
2006
The 2006 Office of the Renewable Energy Regulator Annual Report details the administration of the Mandatory Renewable Energy Target (MRET) for the 2006 calendar year.
Download:
Annual Report 2006 (PDF - 470 KB)
2005
The 2005 Office of the Renewable Regulator Annual Report details the administration of the Mandatory Renewable Energy Target (MRET) for the 2005 calendar year.
Download:
Annual Report 2005 (PDF - 326 KB)
2004
The 2004 Office of the Renewable Energy Regulator Annual Report details the administration of the Mandatory Renewable Energy Target (MRET) for the 2004 calendar year.
Download:
Annual Report 2004 (PDF - 347 KB)
2003
The 2003 Office of the Renewable Energy Regulator Annual Report details the administration of the Mandatory Renewable Energy Target (MRET) for the 2003 calendar year.
Download:
Annual Report 2003 (PDF - 375 KB)
2002
The 2002 Office of the Renewable Energy Regulator Annual Report details the administration of the Mandatory Renewable Energy Target (MRET) for the 2002 calendar year.
Download:
Annual Report 2002 (PDF - 326 KB)
2001
The 2001 Office of the Renewable Energy Regulator Annual Report details the administration of the Renewable Energy Target (RET) for the 2001 calendar year.
Download:
Annual Report 2001 (PDF - 161 KB)
The Public Service Act 1999 requires Heads of Agencies to give a report to the Minister for presentation to the Parliament on the Agency’s activities during the financial year. This requirement also applies to prescribed agencies under the Financial Management and Accountability Act 1997 as a matter of policy.
On 2 April 2012, the Clean Energy Regulator assumed all
responsibility for the administration of the Renewable Energy Target,
including delivery of all relevant reporting. Please see the Clean Energy Regulator website for reports delivered after 2 April, 2012.
2010-11
The 2010-11 Financial Annual Report outlines the activities of the Office of the Renewable Energy Regulator as they relate to the financial year funding cycle.
Download
Financial Annual Report 2010-11 (PDF - 1740 KB)
2009-10
The 2009-10 Financial Annual Report outlines the activities of the Office of the Renewable Energy Regulator as they relate to the financial year funding cycle.
Download
Financial Annual Report 2009-10 (PDF - 2469 KB)
2008-09
The 2008-09 Financial Annual Report outlines the activities of the Office of the Renewable Energy Regulator as they relate to the financial year funding cycle.
Download
Financial Annual Report 2008-09 (PDF - 4326 KB)
2007-08
The 2007-08 Financial Annual Report outlines the activities of the Clean Energy Regulator as they relate to the financial year funding cycle.
Download
Financial Annual Report 2007-08 (PDF - 6035 KB)
2006-07
The 2006-07 Financial Annual Report outlines the activities of the Office of the Renewable Energy Regulator as they relate to the financial year funding cycle.
Download
Financial Annual Report 2006-07 (PDF - 754 KB)
2005-06
The 2005-06 Financial Annual Report outlines the activities of the Office of the Renewable Energy Regulator as they relate to the financial year funding cycle.
Download
Financial Annual Report 2005-06 (PDF - 1097 KB)
2004-05
The 2004-05 Financial Annual Report outlines the activities of the Office of the Renewable Energy Regulator as they relate to the financial year funding cycle.
Download
Financial Annual Report 2004-05 (PDF - 751 KB)
2003-04
The 2003-04 Financial Annual Report outlines the activities of the Office of the Renewable Energy Regulator as they relate to the financial year funding cycle.
Download
Financial Annual Report 2003-04 (PDF - 1084 KB)
The Office of the Renewable Energy Regulator was established on 1 April 2001 and granted prescribed agency status from 1 July 2003. Prior to 2003-04, reports on the financial performance of the Office were included in the former Department of Sustainability, Environment, Water, Population and Communities financial annual reports.
The purpose of the Portfolio Budget Statements is to inform Senators and Members of Parliament of the proposed allocation of resources to Government outcomes by agencies within the portfolio.
On 2 April 2012, the Clean Energy Regulator assumed all
responsibility for the administration of the Renewable Energy Target. Please see the Clean
Energy Regulator website for Portfolio Budget Statements delivered after 2 April,
2012.
2010-11
The 2010-11 Portfolio Budget Statements (PB Statements) for the Office of the Renewable Energy Regulator are included in the Department of Climate Change and Energy Efficiency PB Statements, which are available on their website at
http://climatechange.gov.au/publications.aspx.
2009-10
The 2009-10 Portfolio Budget Statements (PB Statements) for the Office of the Renewable Energy Energy Regulator are included in the Department of Climate Change and Energy Efficiency PB Statements, which are available on their website at
http://climatechange.gov.au/publications.aspx
2008-09
The 2008-09 Portfolio Budget Statements (PB Statements) for the Office of the Renewable Energy Regulator are included in the Department of Climate Change and Energy Efficiency PB Statements, which are available on their website at
http://climatechange.gov.au/publications.aspx
2007-08
The 2007-08 Portfolio Budget Statements (PB Statements) for the Office of the Renewable Energy Regulator are included in the former Department of Sustainability, Environment, Water, Population and Communities PB Statements, which are available on their website at
http://www.environment.gov.au/about/publications/budget/2007/pbs/index.html.
2006-07
The 2006-07 Portfolio Budget Statements (PB Statements) for the Office of the Renewable Energy Regulator are included in the former Department of Sustainability, Environment, Water, Population and Communities PB Statements, which are available on their website at
http://www.environment.gov.au/about/publications/budget/2006/pbs/orer-s1.html.
2005-06
The 2005-06 Portfolio Budget Statements (PB Statements) for the Office of the Renewable Energy Regulator are included in the former Department of Sustainability, Environment, Water, Population and Communities PB Statements, which are available on their website at
http://www.environment.gov.au/about/publications/budget/2005/pbs/index.html2004-05
The 2004-05 Portfolio Budget Statements (PB Statements) for the Office of the Renewable Energy Regulator are included in the former Department of Sustainability, Environment, Water, Population and Communities PB Statements, which are available on their website at
http://www.environment.gov.au/about/publications/budget/2004/pbs/index.htmlFrom time to time the Clean Energy Regulator uses the services of appropriately qualified consultants to provide expert information with respect to the administration of the schemes.
The objectives of the studies may be to:
- Review the market for certificates,
- Identify key factors affecting certificate prices,
- Update projections of certificate prices, and
- Project the likely composition of renewable energy sources under LRET and SRES (formerly the RET).
The Clean Energy Regulator does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency or completeness of any material contained in these reports. The material in the reports does not necessarily reflect the views of the Clean Energy Regulator, or indicate its commitment to a particular outcome or course of action. While the Clean Energy Regulator accepts the studies as opinions of these consultants on future certificate prices, the Clean Energy Regulator recognises there are many other opinions on future certificate prices.
Note that the scheme has undergone the following changes:
- January 2011 to present - Large-scale Renewable Energy Target (LRET) and the Small-scale Renewable Energy Scheme (SRES),
- August 2009 to December 2010 - Renewable Energy Target (RET), and
- 2001 to August 2009 - Mandatory Renewable Energy Target (MRET).
The below reports reflect certificate pricing based on the schemes at the time.
The Office of the Renewable Energy Regulator engaged three consultants to provide forward estimates of the number of small-scale technology certificates (STCs) likely to be created in the 2011, 2012 and 2013 calendar years. The results of the modelling assist the Minister in determining the Small-scale Technology Percentage (STP).
The ORER does not guarantee or endorse the findings of these reports. The ORER can accept no legal liability arising from or connected to, the accuracy, reliability, currency or completeness of any material contained in these reports. The material in these reports does not necessarily reflect the views of the ORER, or indicate a commitment by the Office to a particular outcome or course of action. While the ORER accepts the studies as opinions of the respective consultants on future STC numbers, the ORER acknowledges there may be other opinions on future STC numbers and these opinions may differ from those presented in these reports. Before making any decision or committing yourself to a course of action based on the findings of these reports you are advised to seek your own independent analysis and advice on the matters contained in these reports.
Visit Small-scale Technology Percentage for more information.
Modelling for 2012-2013 non-binding STP published 16 December 2011
Modelling for 2012-2013 non-binding STP published 29 July 2011
ORER asked ACIL Tasman to update their report in June 2011.
Modelling for 2012-2013 non-binding STP published 3 March 2011
ORER asked ACIL Tasman to update their report in March 2011.
2010
Small-scale technology certificates data modelling 2011-2013 December 2010
The Office of the Renewable Energy Regulator engaged three consultants to provide forward estimates of the number of small-scale technology certificates (STCs) likely to be created in the 2011, 2012 and 2013 calendar years. The results of the modelling assist the Minister in determining the Small-scale Technology Percentage (STP). ORER asked ACIL Tasman to update their report in March 2011.
Documents
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2007
The following REC pricing study updates were completed by independent consultants in 2007 prior to the announcement of proposed increase to the MRET target and the release of the report by the task force on emissions trading. The analysis for these reports is based on the legislated 9,500 GWh target.
Review of REC Markets
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Review of REC markets - October 2007 (PDF - 344 KB)
About this report
The Office of the Renewable Energy Regulator invited McLennan Magasanik to undertake a project to forecast the price path of Renewable Energy Certificates (RECs), based on a forecast range of technology/fuel response scenarios to meet the 9,500 GWh target by 2010 as legislated by the Federal Government.
This document provides the assumptions used in the analysis and a discussion of the resulting REC price forecasts. The risk factors affecting the REC price on the spot market were defined through sensitivity analysis using a short term risk model. Forecasts are underpinned by the costs for renewable generation. The analysis is based on assumptions and policy environment as at late May 2007. Some recent announcements in regards to emissions trading and clean energy targets by the Federal Government may change the outlook contained in this report.
Modelling the Price of RECs under the MRET - An update
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Modelling the Price of Renewable Energy Certificates under the Mandatory Renewable Energy Target - An update - August 2007 (PDF - 1290 KB)
About this report
The Office of the Renewable Energy Regulator (ORER) contracted IES to update our previous study for ORER on the REC market. The original study was undertaken in 2002 when the market had had only one full year of operation. This study has been undertaken with five full years of the market's operation to draw from. Since then there have been some changes to the Renewable Energy (Electricity) Act that came into force in September 2006.
The main changes to the Act, which are likely to impact the operations of the MRET and consequently REC prices, are the following:
- setting time limits for the creation of renewable energy certificates;
- providing the opportunity to voluntarily surrender certificates;
- allowing for the publication of additional data on baselines and renewable electricity generation;
- clarifying the provisions and definitions in the Act for Eligible Renewable Energy Sources and providing increased opportunities for bioenergy; and
- allowing renewable energy certificates to be claimed for solar water heater replacements of gas water heaters, oil water heaters, wood-fired water heaters or gas-boosted solar water heaters.
2003
Tambling report - Mandatory Renewable Energy Target Review
September 2003
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2002
Modelling the Price of RECs
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Modelling the Price of Renewable Energy Certificates - December 2002 (PDF - 741 KB)
About the document
- Section 1 - Introduction
- Section 2 outlines key aspects of the Renewable Energy (Electricity) Act as they relate to demand, supply and pricing of RECs
- Section 3 discusses properties of the REC market and arbitrage pricing of RECs.
- Sections 4 and 5 discuss the basis of the decision to invest in REC creating power stations or solar water heating.
- Sections 6, 7, 8 and 9 deal with supply of REC from existing or committed power stations and the potential future sources of RECs.
- Section 10 deals with the future electricity price forecasts. These forecasts are used in the model which determines the most economical selection of renewable generation projects.
- Sections 11, 12, 13 and 14 discuss the various models and their outputs that had been used to model the likely sources of RECs and future REC prices.
- Section 15 is the conclusion.
Modelling the Price of RECs under the MRET
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Modelling the Price of Renewable Energy Certificates under the Mandatory Renewable Energy Target - October 2002 (PDF - 318 KB)
About the document
The Mandatory Renewable Energy Target (MRET) Scheme is designed to encourage additional renewable energy generation and to reduce greenhouse gas emissions. So far, at least 1,500 GWh of additional renewable generation has occurred, compared with a cumulative target of 1,400 GWh for the first two years of the Scheme.
As the Scheme had been in operation for about 18 months, the Office of the Renewable Energy Regulator decided to undertake a study to review developments in the renewable energy market and their potential impacts on future prices of renewable energy certificates.
The objectives of the study are to:
- Review operation of the market for renewable energy certificates.
- Identify key factors affecting market prices.
- Update projections of renewable certificate prices.
- Project the likely composition of renewable generation.
Date last updated: 11 Apr 2012