The Clean Energy Regulator provides assistance in the form of free carbon units to eligible coal-fired electricity generators through the Energy Security Fund.
Carbon pricing mechanism repeal
The Clean Energy Act 2011 has been repealed. This abolishes the carbon pricing mechanism from 1 July 2014. Liable entities must still meet their carbon price obligations for the 2013-14 financial year.
Content on the Clean Energy Regulator website will be progressively updated to reflect these changes. More information can be found on the carbon pricing mechanism repeal page.
This assistance aims to help affected coal-fired electricity generators adjust to the carbon price and move to cleaner technologies, while maintaining energy security in Australia.
The free carbon units are issued to eligible generators who:
- were issued with a Certificate of Eligibility in 2012
- pass an annual power system reliability test during each year that assistance is available, and
- lodge a Clean Energy Investment Plan each year that assistance is available.
The recipient of the free carbon units can then determine how they use those carbon units.
The Clean Energy Regulator must publish information about the issue of free carbon units. The name of the person receiving the units, the total number of carbon units issued to them and the vintage year of the carbon units will be published.
A quarterly report of the total number of carbon units issued for eligible coal-fired generation complexes will also be published.
Downloadable versions of data table