According to the terms of the carbon abatement contracts, the maximum extent of the damages payable is fixed at the agreed offset price under the contract.
“The Clean Energy Regulator holds contract holders to their obligations under ERF contracts. Contract holders continue to fulfil their fixed delivery obligations with the portfolio of fixed delivery contracts currently tracking above 105 per cent of the delivery schedule – this means that across the portfolio, contract holders are delivering ahead of schedule,” the spokesperson said.
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