Under the Large-scale Renewable Energy Target, liable entities with a shortfall of less than 10 per cent of their total large-scale generation certificate (LGC) liability for an assessment year may carry forward that shortfall amount to the following assessment year. For example, liable entities with a LGC shortfall of less than 10 per cent for the 2018 assessment year will have this amount added to their liability for 2019.
Any small-scale technology certificate (STC) shortfalls must be acquitted with the payment of the small-scale technology shortfall charge. The STC shortfall charge is $65 per certificate. STCs can be purchased through the STC clearing house for a fixed price (currently $40 per certificate). There is no option to carry forward a STC shortfall or to provide STCs at a later date to receive a refund on the shortfall charge paid.
The certificate shortfall register presents certificate
shortfalls and shortfall charges for each assessment year. The register can be filtered and ordered by liable entities with LGC shortfall, STC shortfall and percentage of total LGC certificate liability.
documentasset:Certificate shortfall register
* LGC liability in the table below includes carried forward surplus and shortfall from previous year.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.