Scheme Participant requirements

Scheme Participants must meet certain legal requirements under the Peak Demand Reduction Scheme (PDRS), as set out below.

Notify IPART of non-market and exempt loads

Scheme participants are deemed to have met the requirement to notify the Scheme Regulator of its PDRS non-market acquisitions and exempt electricity loads by submitting its PDRS Individual Liable Demand by the due date listed on the scheme participant compliance timeline.

Calculating your individual liable demand

Calculate your individual liable demand by adding together all liable acquisitions and subtracting any exemptions on the four peak days. Once you’ve completed the calculations, you may need to complete an audit of your individual liable demand. You should refer to the Compliance Guide - Scheme Participants to determine whether an audit is required.

If an audit report is required, this will need to be lodged at the same time as your individual liable demand. This means you will need to make sure you engage an auditor with enough time to meet the deadline. More information about audits is available on the Auditing Scheme Participants page.

We have aligned individual liable demand and ESS annual energy savings statement reporting dates to allow you to conduct combined audits under the 2 schemes if you wish.

Submitting your individual liable demand

You must report your individual liable demand to us (see the Liable acquisitions and exempt loads and Individual liable demand pages for more details) by 15 November. We will make a default assessment of your individual liable demand if you do not meet this deadline.

These requirements allow us to calculate and publish the scheme liable demand (by adding together scheme participants’ individual liable demand) by 23 January.

Lodging your annual statement

You must submit an annual statement to us by 18 March, detailing:

• your individual certificate target for the previous compliance period
• the amount of any shortfall penalty for the previous compliance period, including any shortfall penalty for a carried forward shortfall
• any other information we request to be included in the annual statement.

How you can meet your target

To meet your individual certificate target, you may submit an election with your annual statement to:

• surrender certificates, and/or
• carry forward a shortfall or part of a shortfall.

If you elect to surrender certificates you must provide details of the certificates you propose to surrender. Importantly, certificates must be registered as active in the certificate registry at the time they are surrendered – see the PRC status and PRC expiry pages for more information.

If you don’t meet your target by surrendering PRCs or carrying forward a shortfall, you will need to pay a shortfall penalty – see the Shortfalls and shortfall penalties page for more information.

The Compliance Guide - Scheme Participants provides guidance on how to submit your individual liable demand and annual statement through our online system, TESSA.

Assessing compliance

Once we have assessed your annual statement, we will issue a Notice of Assessment of your compliance with your obligations along with an invoice if liability for a shortfall penalty exists. The shortfall penalty must be paid by 2 May.

Relevant Documentation