As a Scheme Participant, you need to comply with certain legal obligations under the Peak Demand Reduction Scheme (PDRS).
Your obligations include:
- informing the Scheme Regulator whether you have non-market acquisitions and/or exempt electricity loads
- calculating and reporting your individual liable demand
- lodging an annual statement detailing your individual certificate target and how you will meet your obligations
- meeting your individual certificate target by electing to:
- surrender certificates
- carry forward a shortfall
- pay a shortfall penalty.
The Compliance Guide - Scheme Participants details how to comply with your obligations.
The compliance dates for these obligations are set out in the Electricity Supply Act but the Scheme Regulator can specify later dates. We have aligned Scheme Participant processes for the PDRS and Energy Savings Scheme and extended the timeline for some processes. We have also revised the timeline to accommodate the timing of the 4 peak days. See our Scheme Participant compliance timeline page for more details.
IPART will provide information you need to meet your obligations including:
- publishing the scheme certificate target by 31 October before the start of the compliance period
- publishing the 4 days with the highest demand by 30 April after the compliance period (see the Four peak days page)
- notifying Scheme Participants of market acquisitions in September after the compliance period
- publishing the scheme liable demand by 23 January after the compliance period.
Key dates for publishing this information and when you need to meet your obligations is provided on the timeline below.
The Scheme Participant requirements page and other pages in this section provide more details to help you understand how to comply.
|Compliance Guide - Scheme Participants|