We validated 17 320 821 large-scale generation certificates in 2016.
This is an increase on the 16 463 436 certificates validated in 2015.
Thorough documentation is required from scheme participants, with validated certificates audited before being deemed eligible.
Graph 2 shows that most validated certificates were for wind generation, followed by biomass29.
Certificates validated in 2016 increased by five per cent over 2015.
The large-scale generation certificate price continued to rise during 2016. The 12 week average spot price to the end of 2016 was $87.80 compared with $71.73 in 2015.
This increase is due to factors such as the tightening of supply and demand dynamics.
29 See glossary for definition.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.