Update to the non binding 2012 and 2013 STP estimate - December 2011

The Regulator, after receiving independent data, has issued an update to the non binding estimate published under section 40B of the Renewable Energy (Electricity) Act 2000.  
The non-binding Small-scale Technology Percentage (STP) published on 16 December 2011 under section 40B of the Act for:

• 2012 is 23.95 percent (equivalent to 44.3* million Small-scale Technology Certificates (STCs) as a proportion of total estimated liable electricity for the 2012 year)
• 2013 is 7.87 percent (equivalent to 15.07 million STCs as a proportion of total estimated liable electricity for the 2013 year)

* Includes an estimate of 22.0 million excess STCs to be created in 2011, over the 28 million estimate used in setting the legislated 2011 STP in December 2010. Also includes an updated estimated total of 22.3 million STCs to be created in 2012.

The Office of the Renewable Energy Regulator engaged three consultants to provide forward estimates of the number of small-scale technology certificates (STCs) likely to be created in the 2012, 2013 and 2014 calendar years. ORER has received the STC modelling reports from ACIL Tasman, Green Energy Markets and SKM MMA, which are available on the ORER website.

These reports have been commissioned to provide advice to support the setting of the 2012 Binding STP which the ORER intends to release before the legislative deadline of 31 March 2012.