A Scheme Participant’s individual energy savings target for a compliance year is:
| Individual Energy Savings Target |
= | Liable Acquisitions |
X | Energy Savings Scheme Target |
X | Energy Conversion Factor |
The Energy Savings Scheme Target and energy conversion factors are listed in Schedule 5 of the Electricity Supply Act – 1995.
The Energy Savings Scheme Target and energy conversion factor for 2021 to 2025 compliance years are shown below:
| Compliance Year | Energy Savings Target | Energy conversion factor |
| 2021 | 8.5% | 1.0 |
| 2022 | 9.0% | 1.0 |
| 2023 | 9.5% | 1.0 |
| 2024 | 10% | 1.0 |
| 2025 | 10.5% | 1.0 |
Liable Acquisitions
Scheme Participants report their liable acquisitions for the compliance year in their annual statement.
The Compliance Guide – Scheme Participants provides guidance on liable acquisitions.