Page 2697 - Week 08 - Tuesday, 15 August 2017

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Electricity Feed-in (Large-scale Renewable Energy Generation) Act—Next Generation Renewable Auction Review—final summary report—government response

Papers and statement by minister

MR RATTENBURY (Kurrajong—Minister for Climate Change and Sustainability, Minister for Justice, Consumer Affairs and Road Safety, Minister for Corrections and Minister for Mental Health) (3.47): I present the following papers:

Electricity Feed-in (Large-scale Renewable Energy Generation) Act, pursuant to subsection 22(5)—Review of Next Generation Renewables Auction and the Electricity Feed-in (Large-scale Renewable Energy Generation) Act 2011—Final report—NGR and large FiT Act Review—

Report, dated 15 May 2017, prepared by Jacobs.

I ask leave to make a statement in relation to the papers.

Leave granted.

MR RATTENBURY: I am pleased today to table a review of both the Electricity Feed-in (Large-scale Renewable Energy Generation) Act 2011 and two capacity releases made in 2016 which allowed the ACT government to conduct its next generation renewables auction. The next generation renewables auction represented the last down-payment needed for the territory to reach its nation-leading renewable electricity target of 100 per cent by 2020 as well as its commitment to reduce the territory’s greenhouse gas emissions by 40 per cent on 1990 levels by 2020. When generating, the successful next generation renewables auction projects will generate around 718,000 megawatt-hours per year of clean, sustainable renewable electricity, enough to power 98,000 Canberra homes.

The intent of the act is to provide feed-in tariff support for large-scale renewable electricity. Supporting this, the act has four objectives: to promote the establishment of large-scale renewable electricity generators from a range of sources in the Australian capital region and elsewhere; to promote the development of the renewable electricity generation industry in the ACT and Australia; to reduce the ACT’s greenhouse gas emissions and assist in it reaching its emissions reduction targets; and to reduce the ACT’s reliance on non-renewable electricity sources while minimising the cost to electricity consumers.

The large-scale renewable energy generation act was originally passed by the Legislative Assembly in December 2011. Since that time the ACT government has held four reverse auctions for up to 640 megawatts of renewable electricity feed-in tariff entitlements. The auctions awarded feed-in tariff entitlements to three large-scale solar farms located in the ACT with a total capacity of 40 megawatts, and seven wind farms located in New South Wales, Victoria and South Australia with a total capacity of 600 megawatts.

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