Reports

This page contains the reports which were required to be delivered by the former Office of the Renewable Energy Regulator under the Renewable Energy (Electricity) Act 2000.

Refer to the Clean Energy Regulator website for reports delivered after 2 April 2012.

Administrative reports

The Clean Energy Regulator administers the Renewable Energy (Electricity) Act 2000 (the Act) which establishes the 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.

Current report

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.

Previous reports

Financial reports

The Public Service Act 1999 requires each agency to provide 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.

Current report

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.

Previous reports

The Financial Annual Report outlines the activities of the former Office of the Renewable Energy Regulator (ORER) as they relate to each financial year funding cycle.

Note: The 2011-12 Financial Annual Report was delivered by the Clean Energy Regulator after the Office of the Renewable Energy Regulator amalgamated with the Clean Energy Regulator on 2 April 2012.

The former 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.

Portfolio budget statements

The purpose of the Portfolio Budget Statement is to inform Senators and Members of Parliament of the proposed allocation of resources to Government outcomes by agencies within the portfolio.

See the Clean Energy Regulator website for information about Portfolio Budget Statements relating to the Clean Energy Regulator.

The former Office of the Renewable Energy Regulator's 2008–09 to 2010–11 budget statements are included in the former Department of Climate Change and Energy Efficiency Portfolio Budget Statements. Budget statements from 2004–05 to 2007–08 are included in the former Department of Sustainability, Environment, Water, Population and Communities Portfolio Budget Statements.

Renewable Energy Certificate pricing

The following REC pricing study updates were completed by independent consultants in 2007 before the announcement of proposed increase to the Mandatory Renewable Energy 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 gigawatt hour target.

The review of REC markets - October 2007

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 gigawatt hour 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 renewable energy certificates under the Mandatory Renewable Energy Target - An update - August 2007

The Office of the Renewable Energy Regulator (ORER) contracted IES to update our previous study for ORER on the renewable energy certificates 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 market 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 Mandatory Renewable Energy Target and consequently renewable energy certificates 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.

Modelling the Price of Renewable Energy Certificates - December 2002

The Mandatory Renewable Energy Target (MRET) applies to all wholesale purchases of electricity. The target increases annually to 9 500 gigawatt hours per annum by 2010.

The Office of the Renewable Energy Regulator engaged IES to forecast a range of technology/fuel response scenarios to meet the 9 500 gigawatt hour target and develop and fully document a methodology for analysing and modelling the price of renewable energy certificates (RECs) based on the above.

Modelling the Price of Renewable Energy Certificates under the Mandatory Renewable Energy Target - October 2002

The Mandatory Renewable Energy Target (MRET) 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 gigawatt hours 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, and
  • Project the likely composition of renewable generation.
Date last updated: 14 Mar 2014