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.
Energy acquisition statements are completed in the
REC Registry and must be submitted on or before 14 February each year, and relate to a liable entity's activities for the previous calendar year. Large-scale generation certificates (LGCs) and quarter four small-scale technology certificates (STCs) are surrendered at the same time.
Energy acquisition statements include information about the:
Energy acquisition statements ensure the Clean Energy Regulator is informed about:
If liable entities do not surrender the required amount of certificates, they must complete a large-scale generation shortfall statement or small-scale technology shortfall statement (incorporated into their energy acquisition statement). If a liable entity fully acquits its certificate liability, the shortfall statement is taken to be zero.
Liable entities may request amendments to the preceding energy acquisition statement under section 45A of the
Renewable Energy (Electricity) Act 2000 (the Act) where information has changed. Liable entities who wish to amend the preceding energy acquisition statement must make the request within 12 months of original lodgement.
An amendment may be requested or initiated for various reasons including reporting:
A request for an amendment should include details of:
Liable entities may surrender additional STCs and LGCs to acquit an increased liability, where an amendment is agreed to by the agency. If a liable entity does not surrender certificates to acquit an increased certificate liability, the liable entity may incur a renewable energy
Amending an energy acquisition statement without surrendering additional certificates may result in the agency making an assessment under the following sections of the Act:
If a default assessment occurs, large-scale generation shortfall charges are not refundable under Part 8 of the Act.
If the agency identifies that an amendment to a previous year's energy acquisition statement is required, the agency may initiate an amendment under section 45B of the Act.
Liable entities who wish to report amendments to an energy acquisition statement lodged more than 12 months ago should
contact the agency in writing. The agency can make amendments to an energy acquisition statement under section 45B of the Act within four years of the energy acquisition statement being lodged.
If the agency makes an amendment of an energy acquisition statement under section 45B, the liable entity will be provided with the opportunity to surrender additional certificates under section 45C of the Act. If the liable entity chooses not to surrender additional certificates it may result in the agency making an assessment under sections:
Liable entities can only surrender certificates that were created in the assessment year or earlier. This is referred to as the vintage rule. To surrender additional certificates related to an amendment of an energy acquisition statement, liable entities will need to ensure the certificates were created in the REC Registry in the year the electricity was acquired (or earlier years).
If a liable entity lodges their 2017 energy acquisition statement, LGCs and STCs must have been created between 2001 and 2017. Certificates created in 2018 (between 1 January – 14 February) cannot be used to meet certificate liability for the 2017 assessment year or earlier years.
If a liable entity requests an amendment to their 2016 energy acquisition statement or the agency initiates an amendment to the 2016 energy acquisition statement, LGCs and STCs must have been created between 2001 and 2016. Certificates created in 2017 and 2018 cannot be used to acquit certificate liability for the 2016 assessment year.
There are a range of options,
including penalty charges, in circumstances where a liable entity does not meet their reporting obligations. Liable entities should
contact the agency as soon as practical if they become aware of a failure to report or if they are unsure of their reporting obligations.
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