We are fast approaching the 14 February 2017 deadline, when all liable entities must meet their Renewable Energy Target obligations for 2016. We want to take this opportunity to confirm the requirements that liable entities must meet to comply with the law.
Read our news item The Clean Energy Regulator expects liable entities to honour their renewable energy obligations.
Liable entities are required to report on their activities annually under the Renewable Energy Target.
liable entities that make acquisitions of electricity in a year must lodge an energy acquisition statement.
Liable entities must also lodge amendments to the preceding energy acquisition statement where information has changed—this may be as a result of final settlement data. Liable entities can also surrender additional small-scale technology certificates (STCs) and large-scale generation certificates (LGCs) along with the submission of an amended energy acquisition statement to acquit the increased certificate liability.
Energy acquisition statements are completed in the
REC Registry and must be submitted on or before 14 February each year. Large-scale generation certificates and quarter four small-scale technology certificates are surrendered at the same time.
Energy acquisition statements require information to be submitted about the:
The purpose of energy acquisition statements is to advise the Clean Energy Regulator about:
If liable entities do not surrender certificates, or do not surrender the required amount of certificates, they must complete a large-scale generation shortfall statement or small-scale technology shortfall statement (which is incorporated into their energy acquisition statement).
Liable entities who wish to lodge an amendment to the preceding energy acquisition statement must do so within 12 months of lodging their original energy acquisition statement. These are completed at the same time the current energy acquisitions statement is being lodged.
Amended energy acquisition statements should be submitted in conjunction with large-scale generation shortfall statements and small-scale technology shortfall statements if required. All statements are completed in the REC Registry.
Liable entities who wish to report amendments to a statement lodged more than 12 months ago need to
contact the Clean Energy Regulator in writing. The Clean Energy Regulator can make amendments within four years of the initial energy acquisition statement being lodged. In doing so, the Clean Energy Regulator may assess certificate shortfalls and any applicable charges if required.
There are a range of options available in circumstances where a liable entity does not meet their reporting obligations. Liable entities should
contact the Clean Energy Regulator as soon as practical if they become aware of a failure to report or if they are unsure of their reporting obligations.
About The Clean Energy Regulator
Carbon Farming Initiative
Carbon Pricing Mechanism
National Greenhouse And Energy Reporting
Renewable Energy Target
Emissions Reduction Fund
Our Systems And Their Resources
Clean Energy Markets
Data and information
Subscribe to email updates
The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.