Target aims for 808MW of small-scale solar in 2015
Source: Climate Spectator, 2 Mar 2015
The Clean Energy Regulator announced on Friday that the Small-scale Technology Percentage (STP) for 2015 is to be 11.71 per cent. Green Energy Trading has assessed what this means for the level of solar expected to be installed in 2015.
The STP represents the proportion of an electricity supplier’s sales that it needs to surrender each year as Small-scale Technology Certificates (STCs) to meet its obligations under the Renewable Energy Target.
The STP of 11.71 per cent equates to an annual STC Target of 20,567,438 certificates. This implies that the expected level of liable electricity sales for 2015 is approximately 175,640 gigawatt-hours. This is 1.3 per cent lower than the assumed level of liable electricity sales for 2014 of 178,000 GWh.
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