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Liable entities

28 September 2016
RET​ ​

​Under the Renewable Energy Target, liable entities (usually electricity retailers) are classified as an individual or company who is the first person to acquire electricity on a grid which has an installed capacity of 100 megawatts or more.

To meet their obligation under the scheme, all liable entities must purchase and surrender an amount of large-scale generation certificates (LGCs) and ​small-scale technology certificates (STCs)​ b​ased on the volume of electricity they acquire each year.

The amount of certificates liable entities are required to surrender is determined by the renewable power percentage for LGCs​ and the ​small-scale technology percentage for STCs.

Surrendering certificates is a legal requirement for liable entities in accordance with the Renewable Energy (Electricity) Act 2000,​ and works to increase the portion of renewable energy generated and supplied to the Australian electricity market.

If you are a company who acquires electricity sporadically between assessment years then you may be classified as an intermittent liable entity, and you will be required to report and surrender certificates for the assessment year(s) that you are liable for.​

If you are a new or intermittent liable entity you must:

It is important that all liable entities complete the steps above as soon as they make the first acquisition of electricity, to minimise potential renewable energy shortfall charges being incurred.

​Information on ​calculating liability and surrender obligations is available. Please contact us if you have further questions about liability.

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