Victorian Numbered Acts Victorian Numbered ActsAt the end of section 40FB of the Electricity Industry Act 2000 insert —
"(2) Without limiting subsection (1), on and after the commencement of section 4 of the Energy Legislation Amendment (Feed-in Tariffs and Other Matters) Act 2013 , general renewable energy feed-in terms and conditions must, as a minimum, include terms and conditions under which—
(a) an amount, specified under section 40FBA, is credited against the charges payable to the relevant licensee by a customer who is a relevant generator for electricity the licensee supplies to the customer (a general renewable energy credit ); and
(b) a general renewable energy credit that arises during a period of supply of electricity to that customer is included in the electricity bill of that customer that relates to that period of supply; and
(c) if, in a period of supply of electricity to the customer, a general renewable energy credit exceeds the amount owed by that customer for electricity supplied to that customer in that period of supply, the excess general renewable energy credit amount is—
(i) credited against the charges payable to the relevant licensee by that customer for electricity the licensee supplies to that customer in the next period of supply of electricity to that customer; and
(ii) included in that customer's electricity bill that relates to that period of supply of electricity; and
(d) any excess general renewable energy credit amount referred to in paragraph (c) is extinguished on the day the contract for the supply of electricity by the relevant licensee to the customer ends.".