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 in a grid which has an installed capacity of 100 MW or more.
To meet their obligation under the scheme, all individuals and companies classified as liable entities must purchase and surrender an amount of
large-scale generation certificates and
small-scale technology certificates based on the volume of electricity they purchase each year.
The amount of certificates liable entities are required to purchase is determined by the
renewable power percentage and the
small-scale technology percentage.
The purchase of 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
reports acquisitions sporadically between assessment years then you may be classified as an intermittent liable entity, and you will be required to
surrender certificates for the year 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 early as possible, to minimise potential shortfall charges under section 38AH of the
Renewable Energy (Electricity) Act 2000.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.