MRET - the basics
Fact sheet
Office of the Renewable Energy Regulator, March 2009
PDF file
About the document
The Australian Government's Mandatory Renewable Energy Target (MRET) was established on 1 April 2001 to encourage additional generation of electricity from renewable energy sources and achieve reductions in greenhouse gas emissions. The MRET scheme:
- places a legal liability on wholesale purchasers of electricity to proportionally contribute to an additional 9,500 gigawatt hours (GWh) of renewable energy per year by 2010
- sets the framework for both the supply and demand of renewable energy certificates (RECs) via a REC market.
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