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Financial overview

The agency continued the successful delivery of its schemes in 2017–18 including undertaking the sixth and seventh auctions of the Emissions Reduction Fund. To ensure scheme delivery and to maximise performance the agency maintained its strong focus on budget management and resource allocation.

Highlights from the year include the following:

Delivered on our schemes

Emissions Reduction Fund

  • Recorded $144.9 million in Australian carbon credit unit purchases.
  • 100% of contract payments made on time.

Renewable Energy Target

  • Administered Clearing House receipts from buyers of $7.5 million.
  • Administered Clearing House payments to sellers of $7.5 million.
  • Recorded $88.8 million in shortfall charges and interest.
  • Recorded $16.0 million in renewable energy certificate fees.

Delivered within budget

  • Operated within our agreed staffing level.
  • Operated within our agreed funding envelope.

Improved our efficiency

  • Continued investment of over $1.7 million in our IT systems to improve efficiency and client experience.
  • Strengthened our internal controls through reviews of key policies, processes and transactions.
  • Engaged with the whole-of-government shared services agenda.

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