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Refunds of large-scale generation shortfall charges under the Renewable Energy Target

14 January 2019

If you are considering claiming a refund (in part or in full) during 2019, please read the information below and contact the Clean Energy Regulator to discuss the process for lodging a claim.

Overview

Under the Renewable Energy (Electricity) Act 2000, liable entities that pay a Renewable Energy Target large-scale generation shortfall charge (LGSC) may claim a refund for the LGSC (less an administration fee). To qualify for a refund, liable entities must surrender large-scale generation certificates (LGCs) in a future year to cover all or part of the amount for which they initially paid the shortfall charge.

A refund on the LGSC paid may only be claimed if:

  • the refund claim is made during the allowable refund period (see below)
  • the liable entity did not have a large-scale generation shortfall in the year immediately before the year in which the refund is claimed, and
  • LGCs are surrendered to cover all or part of the original shortfall charge.

The allowable refund period

Refunds are only allowed during the ‘allowable refund period’. Assuming liable entities meet their annual lodgement dates and pay their LGSC on time, this period will generally be a two year window, commencing a year after the LGSC was incurred. The allowable refund period:

  • starts the day after the liable entity lodges its large-scale generation shortfall statement (including a zero shortfall statement) for the year following the year for which the LGSC was incurred, and
  • ends three years after the liable entity paid the LGSC.

For example, if the liable entity paid its 2016 LGSC on 9 February 2017 and lodges its 2017 energy acquisition statement on 12 February 2018 (including a zero large-scale generation shortfall statement), the allowable refund period starts on 13 February 2018 and ends on 10 February 2020.

Further information

For more information, see refunds of large-scale generation shortfall charges.

Please note that our standard time to process a refund claim request is six weeks, including ensuring that the request adheres to the Renewable Energy (Electricity) Act 2000 and the Public Governance, Performance and Accountability Act 2013.

Please email RETliability@cleanenergyregulator.gov.au for further information.


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