The peak demand reduction target is the target for creating peak demand reduction capacity during the peak demand reduction period defined as:
- 2:30–8:30 pm Australian Eastern Standard Time (AEST)
- on each day of the compliance period, 1 November to 31 March.
The target for each year is set out in clause 60 of the Electricity Supply (General) Regulation 2014. It starts at 0.5% in 2022–23 and increases gradually to 10% in 2029–30.
|
Compliance Year |
Target |
|
2022–23 |
0.5% |
|
2023–24 |
1% |
|
2024–25 |
3% |
|
2025–26 |
5.5% |
|
2026–27 |
7.5% |
|
2027–28 |
8.5% |
|
2028–29 |
9.5% |
|
2029–30 |
10% |
The peak demand reduction target is used to calculate the scheme certificate target.