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Scheme compliance

02 March 2017
RET

In February each year, liable entities are required meet their obligations under the Renewable Energy Target by lodging an energy acquisition statement and surrendering large-scale generation certificates and small-scale technology certificates in proportion to their share of the electricity market. We expect electricity retailers to comply with their obligations by fully acquitting their liability through the surrender of certificates.

Non-compliance

Liable entities that fail to surrender certificates to meet their compliance obligations incur a shortfall charge of $65 per renewable energy certificate not surrendered. The shortfall charge is not tax deductible.

We will investigate all cases of intentional failure and if necessary have the power to conduct audits.

Consequences

There are serious consequences for entities that fail to meet compliance obligations, including significant additional financial penalty charges and interest charges. Failure to lodge statements on time is also a criminal offence that may attract criminal penalties. Where a debt is incurred, we will pursue that debt in accordance with the law, up to and including applications to wind up companies in appropriate cases.

We strongly recommend liable entities seek professional, independent advice on their specific circumstances if they do not understand the requirements or believe that they may have difficulty fulfilling their obligations.

Under section 134 of the Renewable Energy (Electricity) Act 2000, the Clean Energy Regulator publishes a list of liable entities who have large-scale generation shortfall or small-scale technology shortfall. The Clean Energy Regulator also reports on renewable energy certificate shortfalls in its administrative report.

Compliance data will be updated and amended as required, in line with ongoing compliance and assessment activities.

For a complete list of certificate shortfall information relating to all assessment years, see the certificate shortfall register.

2016 certificate shortfall

Large-scale generation certificate shortfall (more than 10 per cent)

The table below presents large-scale generation certificate shortfalls of more than 10 per cent assessed for the 2016 assessment year following the annual reporting and certificate surrender deadline on 14 February 2017.

  
  
  
  
  
  
ERM Power Retail Pty Ltd
2,255,827
354,588
1,900,000
84.22%
123,500,000
Alinta Energy Retail Sales Pty. Ltd.
344,982
221,930
123,052
35.66%
7,998,380
Alinta Sales Pty Ltd
217,871
140,331
77,539
35.58%
5,040,035
Qenergy Limited
62,671
-
62,671
100%
4,073,615
CovaU Pty Limited
26,658
77
26,581
99.71%
1,727,765
Next Business Energy Pty Ltd
17,962
-
17,962
100%
1,167,530
Online Power & Gas Pty Ltd
17,015
241
16,728
98.31%
1,087,320
COzero Energy Retail Pty Ltd
15,887
-
15,887
100%
1,032,655
GoEnergy Pty Ltd
14,485
-
14,485
100%
941,525
SparQ Pty Ltd
7,836
-
7,836
100%
509,340
People Energy Pty Ltd
6,349
-
6,129
96.53%
398,385
1st Energy
5,483
508
4,973
90.69%
323,245
Globird Energy Pty Ltd
3,675
-
3,675
100%
238,875
Sanctuary Energy Pty Ltd
3,328
-
3,328
100%
216,320
OzGen Retail Pty Ltd
3,181
-
3,181
100%
206,765


Large-scale generation certificate shortfall (less than 10 per cent)

Under the Large-scale Renewable Energy Target, liable entities with a shortfall of less than 10 per cent of their total large-scale generation certificate liability in an assessment year may carry forward their shortfall amount to the next assessment year (that is, it is added to their liability for 2017). In 2017, these liable entities must surrender sufficient large-scale generation certificates to acquit their 2017 large-scale generation certificate liability and 2016 shortfall. The ability to carry forward a small amount of shortfall gives liable entities flexibility to manage their obligations between assessment years, where required.

  
  
  
  
  
  
Perth Energy Pty Ltd
228,567
200,400
22,852
9.99%
-
Blue NRG Pty. Ltd.
47,307
42,800
4,507
9.52%
-
IPOWER 2 PTY LIMITED and IPOWER PTY LIMITED TA Simply Energy
476,431
432,123
44,308
9.29%
-
Amanda Energy Pty Ltd
10,693
10,000
693
6.48%
-
GridX Power Pty Ltd
3,103
2,951
152
4.89%
-
Progressive Green Pty Ltd
36,658
36,240
394
1.07%
-
Karara Energy Pty Ltd
183
17,123
183
0.45%
-

Small-scale technology certificate shortfall

The table below presents small-scale technology certificate shortfall assessed for the 2016 assessment year.

  
  
  
GoEnergy Pty Ltd
10,997
714,805
COzero Energy Retail Pty Ltd
2,273
147,745

This table lists liable entities who did not surrender sufficient small-scale technology certificates for quarters 1 to 4 of the 2016 assessment year, by 14 February 2017. Any shortfalls must be acquitted with the payment of the small-scale technology shortfall charge. Note, the small-scale technology certificate shortfall charge is $65 per certificate. Small-scale technology certificates can be purchased through the STC clearing house for a fixed price (currently $40 per certificate).

There is no option to carry forward a small-scale technology certificate shortfall or to provide small-scale technology certificates at a later date to receive a refund on the shortfall charge paid.

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