The Australian National Audit Office is seeking stakeholder comments in relation to the Administration of the Renewable Energy Target by the Clean Energy Regulator. See the
Audit of the Renewable Energy Target news item for further information.
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) based 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:
Information on calculating liability and
surrender obligations is available. Please
contact us if you have further questions about liability.
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