RET - the basics
Fact sheet
Office of the Renewable Energy Regulator, July 2010
PDF file
About the document
The Australian Government's Renewable Energy Target (RET) has been established to encourage additional generation of electricity from renewable energy sources. The RET scheme:
- places a legal liability on wholesale purchasers of electricity to proportionally contribute to an additional 45,000 gigawatt hours (GWh) of renewable energy per year by 2020.
- sets the framework for both the supply and demand of renewable energy certificates (RECs) via a REC market.
