Schemes are applicable for solar, wind, hydro and biomaterial energy sources.
Historically, renewable generation projects may have qualified for free allocation of carbon credits. Current policy is that generation which results in greenhouse gas emissions will incur a carbon cost under the NZ Emissions Trading Scheme. This includes geothermal generation.
Remuneration is available for electricity produced.
Wind generation is required to be bid into the market. However, it is automatically dispatched, and the generator receives the same pool price as other dispatched generation. Generation from all other renewable sources is treated the same asgeneration from carbon. The lowest bid price is dispatched first.