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The small-scale technology percentage

29 March 2017
RET

The 2017 small-scale technology percentage is 7.01%.

This means liable entities (generally electricity retailers) will be required to surrender approximately 12.4 million small-scale technology cer​tificates

The number of certificates each liable entity needs to source and then surrender to us each year is in proportion to the amount of electricity they acquire. Liable entities calculate the exact number of certificates they need to surrender each year by multiplying the amount of electricity they acquire (minus any exemption certificates) by the small-scale technology percentage Unlike the large-scale certificates that are surrendered annually, small-scale certificates are surrendered on a quarterly basis.

The percentage for a year is set in regulation by 31 March of that year.  

Unlike the renewable power percentage which is set to meet a legislated annual target, the small-scale technology percentage balances the supply of small-scale technology certificates by setting an equivalent demand each year. This means liable entities will be required to surrender to the Clean Energy Regulator the same number of certificates in a year as the estimated number of certificates that will be created in that year.  ​

Calculating the small-scale technology percentage 

The Clean Energy Regulator has engaged qualified consultants to provide estimates of the small-scale technology certificates that will be needed for the following three years. The consultants modelling reports are underpinned by analysis of the market.

In 2017, the deeming period for small-scale technology certificates decreased from 15 years to 14 years, and it will continue to decline by one year in each subsequent year. This has been taken into account in the setting of the estimates.

Each year the Minister for the Environment and Energy must consider a number of matters when setting the percentage:

  • the estimated value (in megawatt hours) of small-scale technology certificates that will be created for the year
  • the estimated amount of electricity that will be acquired for the year
  • the estimated number of exemptions* to be claimed for the year, and
  • adjustments for differences between estimates used in the previous year with the final amounts.

*Since June 2015 Emissions -Intensive Trade-Exposed (EITE) activities have had full exemption from Renewable Energy Target obligations, compared with partial exemptions in earlier years. Full EITE exemptions have been included in the percentage calculations since 2016.

Amending the renewable energy power percentage regulations

The Renewable Energy (Electricity) Regulations 2001 can be amended up to 31 March each year to set the small scale technology percentage. The Clean Energy Regulator publishes the percentage when the amendment is made.

If the amendments are not made by 31 March, a default formula will apply for that year, as stated in the Renewable Energy (Electricity) Act 2000. For more information about the default formula refer to section 39 (2) (b) of the Renewable Energy (Electricity) Act 2000.

Non-binding estimate of the small-scale technology percentage for future years

The Clean Energy Regulator must also publish a non-binding estimate forecasting the small-scale technology percentage for the next two years. These estimates indicate what the percentage could be in future years, allowing liable entities time to budget and plan their certificate acquisition strategies each year.  

The small-scale technology percentage estimates for the next two years are shown in the table below.​

Year Estimated number of STCs needed for the year ​Non-binding small-scale technology percentage

2018

​​14.6 million​8.06%
​2019​13.9 million​7.52%

Previous small-scale technology percentages

All previous small-scale technology percentages are available in the table below.  

Small-scale technology percentage

The following table provides information on the small-scale renewable energy scheme nominal target and small-scale technology percentage for each year, the legally binding amounts for the year.

It also provides the non-binding percentages which provide a guide for future small-scale technology percentages but which cannot take account of differences between estimates and actual amounts that occur after they are estimated.​

Data as at 24 March 2017.

Downloadable data

documentAsset:Small-scale technology percentage

  
  
  
  
  
  
  
Important notesFilter
2019
N/A
N/A
N/A
N/A
N/A
7.52
N/A
2018
N/A
N/A
N/A
N/A
8.06
8.31
N/A
2017
15,100,000
-2,649,809
12,450,191
7.01
9.02
9.86
N/A
2016
17,021,500
-64,476
16,957,024
9.68
9.98
10.32
N/A
2015
17,487,667
3,079,771
20,567,438
11.71
10.10
8.49
N/A
2014
16,708,470
1,948,868
18,657,338
10.48
8.98
6.10
One additional non-binding estimate was published for 2014 — 7.69% on 19 October 2012
2013
20,700,000
15,000,000
35,700,000
19.70
7.94
10.62
Three additional non-binding estimates for 2013 were published  — 6.25% on 29 July 2011,  7.87% on 16 December 2011 and 18.76% on 19 October 2012
2012
22,306,000
22,480,000
44,786,000
23.96
16.75
N/A
Two additional non-binding estimates were published for 2012 — 20.87% on 29 July 2011 and 23.95% on 16 December 2011
2011
28,000,000
N/A
28,000,000
14.80
N/A
N/A
N/A

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