A total of 212,558,023 certificates had been created in the Renewable Energy Certificate (REC) Registry as at 31 December 2012. In accordance with the Act:
Table 2: Certificate activity summary for 2012
Note: This table replaces the table from previous administrative reports which summarised end of year certificate statuses. The activities represent transactions that involved certificates in the REC Registry. Not all transactions are shown.
Details of the 2012 liability compliance year will be provided in the Renewable Energy Target 2013 Administrative Report.
As shown in the following graphs, a wide range of eligible renewable energy sources were used to create certificates in 2012. Not all accredited renewable energy power stations, Agents or individuals created certificates in 2012.
As was the case in previous years, the Clean Energy Regulator recommended that registered persons create their eligible certificates by 31 December 2012 to ensure certificates could be validated by the Clean Energy Regulator in January 2013 and be available for trading to liable entities prior to the compliance date of 14 February 2013.
Graph 1: LGCs validly created by 31 December 2012 for eligible/renewable energy sources under the LRET
* Biomass includes multiple energy sources under the Act (agricultural waste, bagasse, bagasse co-generation, biomass-based components of municipal solid waste, black liquor, crop waste, energy crops, food and agricultural wet waste, food processing waste, food waste, municipal solid waste combustion, sewage gas, sewage gas and biomass-based components of sewage, waste from processing of agricultural products and wood waste).
Note: Validated on or before 27 January 2013.
Graph 2: STCs validly created by 31 December 2012 by eligible small-scale systems under the SRES
Under Section 19 of the Act, accredited renewable energy power stations were allowed to create certificates for eligible renewable electricity generated above the renewable energy power station’s baseline for the 2011 generation year by the 31 December 2012 deadline. Renewable energy power stations that did not create certificates within the allowed timeframe are no longer eligible to create certificates for eligible renewable electricity generated in the 2011 generation year.
Under Section 21 of the Act, eligible solar water heater and heat pump water heater certificates must be created within 12 months of the installation date.
Under Regulation 19D of the Regulations for Section 23A of the Act, eligible small-scale solar panel, wind and hydro (referred to as SGUs) installed on or after 6 October 2007 must create certificates:
SGUs installed between 1 April 2001 and 5 October 2007 are eligible to create certificates at any time for a one or five year period. At the end of each period owners or Agents (if the certificates have been assigned) can create certificates for the next deeming period.
If Agents or individuals do not create certificates within the allowed timeframe they are no longer eligible to create certificates for their small-scale installation.
Graph 3: Number of certificate (LGCs and STCs) transactions by month for 2012
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