The REC Registry is the secure web-based system for all transactions under the Renewable Energy Target including creating, registering, selling, trading and surrendering certificates. The REC Registry also provides access to several public registers that contain data about the Renewable Energy Target.
It was first released in 2001 and enhanced in 2011 to reflect the split into the Large-scale Renewable Energy Target and the Small-scale Renewable Energy Scheme.
The new REC Registry is more user-friendly, responsive and efficient
To ensure the system continues to evolve and mature with the scheme, reflect emerging technologies and meet user requirements, the Clean Energy Regulator released a new, redesigned REC Registry in September 2014. It is more user-friendly, more responsive during peak periods and more efficient, with many offline processes moving online. More details are in the case study - Redesigning the REC Registry.
The Clean Energy Regulator does not oversee transfer or payment arrangements for certificates transferred through the REC Registry. Buyers and sellers negotiate this directly as per the business contracts they sign.
The Clean Energy Regulator does not regulate certificate prices. This process is market-driven, with the price of certificates determined by factors including supply and demand.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.