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Carbon Pollution Reduction Scheme Bill 2009 [No. 2]

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6025

2008-2009

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

Carbon Pollution Reduction Scheme Bill 2009 [No. 2]

 

[Western Electricity Market]

 

(1)     Page 216 (line 28), after “ section 182 ”, insert “ and 182A ”.

(2)     Heading to clause 182, page 225 (line 1), at the end of the heading, add “ in the National Energy Market ”.

(3)     Clause 182, page 225 (line 4), after “asset”, insert “in the National Energy Market”.

(4)     Page 227 (after line 11), at the end of Division 3, add:

182A   Annual assistance factor in the Western Electricity Market

             (1)  The annual assistance factor to be specified in a certificate of eligibility for coal-fired generation assistance in respect of a generation asset in the Western Electricity Market is the Authority’s reasonable estimate of the number worked out to 3 decimal places using the following formula:

Historical energy  x  (Emissions intensity  -  0.7)

where:

emissions intensity has the meaning given by whichever of subsection (2), (3), (4) or (6) is applicable.

historical energy means:

                     (a)  if the generation asset is a generation complex that entered service on or before 1 July 2004—the total number of gigawatt hours of electricity generated by the generation complex during the period beginning on 1 July 2004 and ending on 30 June 2007, as measured at all generator terminals of the generation complex; or

                     (b)  if the generation asset is a generation complex that entered service after 1 July 2004—21.024 multiplied by the number of megawatts in the nameplate rating of the generation complex as at the day the generation complex entered service; or

                     (c)  if the generation asset is a generation complex project—21.024 multiplied by the number of megawatts in the proposed nameplate rating of the proposed generation complex, worked out as at the start of 3 June 2007.

Emissions intensity

             (2)  For the purposes of subsection (1), the emissions intensity of a generation complex that entered service on or before 1 July 2004 is the number worked out to 3 decimal places using the formula:

where:

carbon dioxide equivalence of emissions means the total number of kilotonnes of the carbon dioxide equivalence of the greenhouse gases emitted from the combustion of fuel in the generation complex for the purposes of the generation of electricity during the period beginning on 1 July 2004 and ending on 30 June 2007.

gigawatt hours of electricity generated means the total number of gigawatt hours of electricity generated by the generation complex during the period beginning on 1 July 2004 and ending on 30 June 2007, as measured at all generator terminals of the generation complex.

             (3)  However, the emissions intensity of a generation complex that entered service on or before 1 July 2004 is taken to be 0.7 if the number worked out to three decimal places using the formula in subsection (2) is less than 0.7.

             (4)  For the purposes of subsection (1), the emissions intensity of a generation asset not covered by subsection (2) is the number that, in the opinion of the Authority, should be treated as the emissions intensity of the generation asset, having regard to the following matters:

                     (a)  any documents relating to the design of the generation asset;

                     (b)  any contracts for the supply of fuel for combustion in the generation asset for the purposes of the generation of electricity;

                     (c)  if the generation asset is a generation complex that has entered service—the number worked out to 3 decimal places using the formula set out in subsection (5);

                     (d)  the report mentioned in paragraph 178(1)(f);

                     (e)  such other matters (if any) as the Authority considers relevant.

             (5)  The formula mentioned in paragraph (4)(c) is:

where:

carbon dioxide equivalence of emissions means the total number of kilotonnes of the carbon dioxide equivalence of the greenhouse gases emitted from the combustion of fuel in the generation complex for the purposes of the generation of electricity during the period when the generation complex was in service.

gigawatt hours of electricity generated means the number of gigawatt hours of electricity generated by the generation complex during the period when the generation complex was in service.

             (6)  However, the emissions intensity of a generation asset not covered by subsection (2) is taken to be 0.7 if the number worked out under subsection (4) is less than 0.7.