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

08 March 2019

If you are considering claiming a large-scale generation shortfall charge (LGSC) 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 have paid a LGSC may be eligible to claim a refund on the LGSC (less an administration fee).

A refund may be claimed during the 2019 calendar year if:

  • the refund claim is made during the applicable allowable refund period (see below),
  • the liable entity did not have a large-scale generation shortfall for the 2018 assessment year, and
  • large-scale generation certificates (LGCs) are surrendered to cover all or part of the original LGSC.

Please Note: refunds are not available for small-scale technology certificate shortfall charges.

The allowable refund period

Refunds are only allowed during the 'allowable refund period'. The allowable refund period:

  • starts the day after the liable entity lodges its large-scale generation shortfall statement (including a zero shortfall statement) for a 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.

How to make a claim

Claims are made via the REC Registry. Before making a claim, ensure you are eligible and you have sufficient LGCs in your registered holdings account. Vintage rules do not apply when surrendering LGCs under section 95 of the Act.

To lodge a claim:

  1. Log into the REC Registry.
  2. Go to the assessment year for which you are making a refund claim.
  3. Click on the 'Claim LGSC Refund' button.
  4. Enter the required information, including the number of LGCs you are surrendering.
  5. Finalise and lodge the claim.

Please note that our standard processing time for a LGSC refund request is six weeks. Additional time may be required for more complex claims or where additional information is required.

Please email the Clean Energy Regulator at RETliability@cleanenergyregulator.gov.au prior to commencing the claim process.

Further information

For more information, see the refunds of large-scale generation shortfall charges page on our website or contact us.


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