The Large-scale Renewable Energy Target (LRET) incentivises the development of renewable energy
power stations in Australia through a market for the creation and sale of certificates called large-scale generation certificates (LGCs).
Power stations accredited in the LRET are able to create LGCs for electricity generated from that power station’s renewable energy sources. LGCs can then be sold to entities with liabilities under the LRET (mainly electricity retailers) to meet their compliance obligations.
Liable entities are required to buy LGCs from the market and surrender these certificates to the Clean Energy Regulator on an annual basis. The number of LGCs required to be submitted by liable entities is set each year through the
renewable power percentage.
LGCs can also be sold to companies and individuals looking to voluntarily offset their energy use and emissions.
The accreditation of power stations and creation of LGCs continues under the LRET
Learn more about
power stations and
applying to be an accredited power station under the LRET.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.