Moreland Energy Foundation Limited (MEFL) and the Alternative Technology Association (ATA) welcome the opportunity to provide comment on the Department of Climate Change and Energy Efficiency’s Enhancing the Renewable Energy Target Discussion Paper, March 2010.
As outlined in our previous submissions on changes to the Renewable Energy Target, MEFL and ATA firmly believe that the integrity of the Renewable Energy Target is compromised by the existence of the Solar Credits multiplier mechanism and the creation of ‘phantom RECs’. Further, proponents of small-scale generation technologies receiving RECs under the existing Solar Credits scheme are actually leading to a reduction in the amount of renewable electricity generated in Australia – clearly not their intention.
Many of MEFL’s constituents and ATA’s members are also supporters of large-scale renewable energy and have expressed their concerns with the delay in the deployment of large-scale renewable energy projects, resulting from the oversupply in RECs from small-scale renewable energy technologies and subsequent suppression of the REC price.
Consequently MEFL and ATA broadly support the changes proposed in the Paper, with specific comments on some aspects of concern.