We manage the Large-scale Renewable Energy Target and Small-scale Renewable Energy Scheme as part of our purpose of accelerating carbon abatement for Australia.
We issue exemption certificates for certain emissions-intensive trade-exposed activities. Each exemption certificate states the amount of electricity that is exempt from liability under the Renewable Energy Target. These certificates can then be transferred to the liable entity named on the certificate. That liable entity can use the certificate to reduce their liable acquisitions by the same amount.
We provide the secure online REC Registry. Buyers and sellers use the REC Registry for all Renewable Energy Target transactions including creating, registering, selling, trading and surrendering certificates.
We also use the REC Registry to assess new account applications, validate certificates and report on certificate activity.
Public registers are also available through the REC Registry. They include information about the Renewable Energy Target, such as certificate data for analysts.
To create certificates, individuals and companies must apply to become a 'registered person' or 'registered agent'. Registered persons can create large-scale generation certificates from renewable power stations (see the Large-scale Renewable Energy Target page for details). Registered agents create the majority of small-scale technology certificates and have the ability to create certificates assigned to them from system owners.
During 2015 we approved 159 registered persons, bringing the total to 7 585, and 72 registered agents, bringing the total to 1 575.
We oversee both supply and demand to ensure the efficiency and integrity of the market. This involves:
We do not oversee certificate transfer or payment arrangements (buyers and sellers negotiate this directly) or regulate certificate prices (this is market-driven, determined by factors including supply and demand).
About The Clean Energy Regulator
Carbon Farming Initiative
Carbon Pricing Mechanism
National Greenhouse And Energy Reporting
Renewable Energy Target
Emissions Reduction Fund
Our Systems And Their Resources
Clean Energy Markets
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Emissions Reduction Assurance Committee
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.