On or before 14 February 2020, liable entities who made a relevant acquisition in 2019 must comply with their Renewable Energy Target (RET) obligations by:
- lodging an Energy Acquisition Statement (EAS), and
- surrendering large-scale generation certificates (LGCs), quarter four small-scale technology certificates (STCs) or paying shortfall charges.
If information reported in the 2018 EAS has changed, you must also lodge an amendment to the 2018 EAS. Amendments can result from changes to Australian Energy Market Operator (AEMO) or AEMO WA final settlement data or revised meter data.
Lodgement and surrender functions are available through the REC Registry.
Certificate surrender and shortfall
Liable entities may carry forward less than 10 per cent of their LGC liability in total without incurring a shortfall charge. Shortfall charges apply in all other circumstances where insufficient certificates are surrendered
If you are intending on paying shortfall charges, please ensure you seek advice from a tax accountant on the treatment of claiming refunds. Shortfall in any amount can change a liable entity's ability to claim a refund of previously paid shortfall charges.
All certificate shortfalls are published on our website and in the RET Administrative Report to Parliament.
Liable entities who did not make relevant acquisitions in 2019 or do not intend to surrender their full required amount of certificates should contact us as soon as possible.
More information
See Scheme compliance for more information on the obligations of liable entities.
Email RETLiability@cleanenergyregulator.gov.au or call us on 1300 553 542 if you have any questions.