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To participate in the Renewable Energy Target schemes and access the REC Registry, users are required to pay a fee when they create and surrender small-scale technology certificates (STCs) and large-scale generation certificates (LGCs). These fees are payable in accordance with the
Renewable Energy (Electricity) Regulations 2011.
Payment for the fees is not required until relevant thresholds are met—to encourage and support one time participants in the Renewable Energy Target Schemes. Once a threshold has been met, a fee must be paid for all certificates created by the account (including those originally under the threshold).
Notes: Desired certificate transactions will not be complete until the fees are paid. Surrender fees are not applied to voluntary surrender offers.
One off application fees apply when upgrading REC Registry accounts, where permission to register small-scale installations is granted.
To pay fees, follow these steps:
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.