Queensland Consolidated Acts

ELECTRICITY ACT 1994 - SECT 135F

The amount of the civil penalty is worked out using the following formula—

where—

P is the amount of the penalty.

GEC LL is the prescribed percentage of the liable load, in megawatt hours, for which the annual GEC liability was imposed.

GECs surrendered is the total number of—

(a) GECs surrendered to meet the annual GEC liability for the liable year; and

(b) GECs the subject of a surrender application under section 135EQ(3) or 135ET(3).

SC is the amount of the shortfall charge for the liable year, as fixed under section 135FA.