|Policy Type:||Regulatory Instruments, Regulatory Instruments>Obligation schemes , Economic Instruments>Market-based instruments>White certificates|
|Policy Target:||Energy Sector>Electricity Generation>Fossil fuels (Coal, gas, oil)|
|Agency:||Queensland State Government, Department of Mines and Energy|
The Queensland government announced in May 2000 that electricity retailers would be required to source a minimum of 13% of power needs from gas-fired energy sources from 1 January 2005. The scheme will operate for 15 years, with the following eligible fuels: - Natural gas - Coal seam gas (including waste coal mine gas) - Liquefied petroleum gas - Waste gases associated with conventional petroleum refining The scheme is designed to diversify energy mix towards the greater use of gas, assist in encouraging the development of new gas sources and infrastructure in Queensland and reduce greenhouse gas emissions from the Queensland electricity sector. The scheme is based on tradeable gas electricity certificates (GECs), each representing one megawatt hour (MWh) of eligible gas-fired electricity. GECs are produced by accredited generators, and liable persons are required to surrender GECs to the Regulator equal to the annual GEC liability of electricity sold or used in Queensland.
Last modified: Tue, 09 May 2017 16:38:00 CEST