Individuals and companies need to create an account to use the REC Registry. This enables them to create and transfer (trade) or surrender registered certificates.
Small-scale technology certificates may be sold through the open market or through the Small-scale Technology Certificate Clearing House (STC Clearing House), a facility available through the REC Registry. To sell through the STC Clearing House, account holders must register with the STC Clearing House and provide proof of identity. More details on the STC Clearing House.
The Renewable Energy (Electricity) Act 2000 allows for large-scale generation certificates and small-scale technology certificates to be electronically transferred between REC Registry account holders (usually between eligible parties and liable entities). Transfers are reported automatically to the Clean Energy Regulator in the REC Registry under section 28 of the Act.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.
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