RENEWABLE ENERGY (ELECTRICITY) ACT 2000 - SECT 31 What are relevant acquisitions ?
RENEWABLE ENERGY (ELECTRICITY) ACT 2000 - SECT 31
What are relevant acquisitions ?(1) There are 2 types of relevant acquisitions of electricity. These are:
(a) a wholesale acquisition (see section 32); and
(b) a notional wholesale acquisition (see section 33).
(2) An acquisition is not a relevant acquisition if:
(a) the electricity was delivered on a grid that has a capacity that is less than 100 MW and that is not, directly or indirectly, connected to a grid that has a capacity of 100 MW or more; or
(b) the end user of the electricity generated the electricity and either of the following conditions are satisfied:
(i) the point at which the electricity is generated is less than 1 kilometre from the point at which the electricity is used;
(ii) the electricity is transmitted or distributed between the point of generation and the point of use and the line on which the electricity is transmitted or distributed is used solely for the transmission or distribution of electricity between those 2 points; or
(c) the electricity is later acquired by AEMO or a person or body prescribed by the regulations.
(3) The amount of electricity acquired under a relevant acquisition and the capacity of a grid are to be determined in accordance with the regulations.
(4) A person who owns, operates or controls a grid must give the Regulator a statement within 28 days of either of the following happening:
(a) the capacity of the grid increases from less than 100 MW to 100 MW or more;
(b) the grid becomes connected, directly or indirectly, to a grid that has a capacity of 100 MW or more.
The statement must include any information specified in the regulations.