What is the Mandatory Renewable Energy Target?
In April 2001, the Federal Government introduced a target designed to increase by 2 percent (or 9,500 gigawatt hours), the share of renewable energy in Australia’s energy mix by 2010. This was called the Mandatory Renewable Energy Target, or MRET. Under the MRET, wholesale purchasers of electricity (mainly electricity retailers) must purchase an increasing amount of their electricity from renewable sources (e.g. wind, hydro, solar, etc.), so that Australia becomes less reliant on non-renewable and polluting energy sources.
