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Liable entities

How are we tracking?

Liability compliance in 2015:

  • 99.7% compliance with certificate surrender obligations.

Liable entities

Liable entities are wholesale purchasers of electricity, mainly electricity retailers. They are the first to acquire electricity in a grid with an installed capacity of 100 megawatts or more.

To acquit their liability under the Renewable Energy Target, liable entities need to:

  • lodge an energy acquisition statement and renewable energy shortfall statement (for the previous calendar year), on or before 14 February, and
  • surrender enough large-scale generation certificates and small-scale technology certificates to meet their liability—in proportion to the amount of electricity they acquired during the year. If they don't surrender enough certificates they need to pay a shortfall charge of $65 for each certificate not surrendered.

The obligation for liable entities to surrender renewable energy certificates creates demand in the market.

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