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Scheme compliance

22 February 2018
RET
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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 meet their obligations by acquitting their liability through the surrender of certificates. We validate all energy acquisition statements and conduct audits. Investigations may also be undertaken in certain circumstances.

Non-compliance

There are serious consequences for entities that do not meet their 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.

Shortfall charge and publication

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

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.

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.

2017 certificate shortfall

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

The table below lists liable entities with large-scale generation certificate shortfalls of more than 10 per cent assessed for the 2017 assessment year following the annual reporting and certificate surrender deadline on 14 February 2018.

  
  
  
  
  
  
Alinta Energy Retail Sales Pty. Ltd.
373,552
8,590
364,962
97.7%
23,722,530
Alinta Sales Pty Ltd
300,099
-
300,099
100%
19,506,435
Perth Energy Pty Ltd
256,977
-
256,977
100%
16,703,505
Progressive Green Pty Ltd
70,615
-
70,615
100%
4,589,975
Blue NRG Pty. Ltd.
68,471
-
68,471
100%
4,450,615
Alinta DEWAP Pty Ltd
65,884
-
65,883
99.99%
4,282,395
Next Business Energy Pty Ltd
38,907
-
38,907
100%
2,528,955
Qenergy Limited
42,053
5,729
36,324
86.37%
2,361,060
CovaU Pty Limited
30,596
-
30,596
100%
1,988,740
Alinta Energy Transmission (Roy Hill) Pty Ltd
30,336
-
30,336
100%
1,971,840
1st Energy Pty Ltd
27,299
-
27,299
100%
1,774,435
Sumo Power Pty Ltd
25,420
-
25,420
100%
1,652,300
Rimfire Energy Pty Ltd
12,048
-
12,048
100%
783,120
Online Power & Gas Pty Ltd
10,401
-
10,401
100%
676,065
People Energy Pty Ltd
8,704
-
8,704
100%
565,760
Globird Energy Pty Ltd
7,749
-
7,749
100%
503,685
Mojo Power Pty Ltd
7,746
250
7,465
96.37%
485,225
Sanctuary Energy Pty Ltd
4,726
-
4,726
100%
307,190
OzGen Retail Pty Ltd
3,616
-
3,616
100%
235,040
Karara Energy Pty Ltd
23,217
20,657
2,560
11.02%
166,400
Change Energy Pty LTd
1,532
-
1,532
100%
99,580
Braemar Power Project Pty Ltd
318
-
318
100%
20,670

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

Under the Large-scale Renewable Energy Target, liable entities with a shortfall that is less than 10 per cent of their total large-scale generation certificate liability for an assessment year may carry forward that shortfall amount to the following assessment year. For example, liable entities with a large-scale generation certificate shortfall of less than 10 per cent for the 2017 assessment year will have this amount added to their liability for 2018. In 2018, these liable entities must surrender sufficient large-scale generation certificates to acquit their 2018 large-scale generation certificate liability and 2017 shortfall. The ability to carry forward a small amount of shortfall gives liable entities flexibility to manage their obligations between assessment years, where required.

  
  
  
  
  
  
IPOWER 2 PTY LIMITED and IPOWER PTY LIMITED TA Simply Energy
566,821
511,600
55,221
9.74%
-
Amanda Energy Pty Ltd
19,158
17,300
1,858
9.69%
-
EnergyAustralia Pty Ltd
1,628,380
1,496,655
130,144
7.99%
-
EnergyAustralia Yallourn Pty Ltd
1,158,893
1,066,182
92,711
7.99%
-
Enwave Mascot Pty Ltd
3,773
3,600
173
4.58%
-

Small-scale technology certificate shortfall

The table below lists small-scale technology certificate shortfall for the 2017 assessment year.

  
  
  
Mojo Power Pty Ltd
3,232
210,080
Karara Energy Pty Ltd
1,267
82,355
TEC Hedland Pty Ltd
678
44,070
COzero Energy Retail Pty Ltd
596
38,740
Globird Energy Pty Ltd
2
130

This table lists liable entities who did not surrender sufficient small-scale technology certificates for quarters 1 to 4 of the 2017 assessment year, by 14 February 2018. 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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